Singaporean sovereign wealth fund GIC has introduced updates to its senior administration workforce, efficient from 1 April 2024, signaling a shift in management roles inside the firm.
Sam Kim, the present Deputy Chief Working Officer (COO), has been promoted to COO and also will be a part of the Group Govt Committee (GEC), GIC’s high administration entity answerable for main choices relating to investments in addition to organisational and personnel issues.
Bryan Yeo, the current Chief Funding Officer (CIO) for Public Equities, will tackle the function of Deputy Group CIO and can change into the Director of GIC’s Built-in Methods Group (ISG).
In the meantime, Mark Ong, who at the moment serves as Head of Asia Pacific Equities, will change Yeo because the CIO for Public Equities.
Goh Chin Kiong, now the Deputy CIO for Actual Property, will ascend to the place of CIO for Actual Property, following the retirement of Lee Kok Solar from GIC.
Boon Chin Hau has been named Deputy CIO for Infrastructure, marking one other addition to the management changes.
Tay Lim Hock and Lim Kee Chong will resign from their roles as Deputy Group CIO and COO, and Deputy Group CIO and Director of ISG, respectively.
Nevertheless, each will proceed to be a part of the GEC and the International Management Group, contributing to funding opinions and different different enterprise-level initiatives.
Lim Chow Kiat
Lim Chow Kiat, Chief Govt Officer of GIC stated,
“I want to specific my gratitude to Mr Lee, for his dedication to GIC over the past 27 years together with his time as CIO for Actual Property. Our actual property portfolio is the worldwide business chief that it’s right this moment due to Mr Lee’s imaginative and prescient, tenacity and dedication. We want Mr Lee all the very best in his retirement.
It’s our privilege that each Mr Tay and Mr Lim will proceed to contribute their experience as members of our numerous management teams. With this refreshed management bench, I’m assured that we are able to proceed to pursue excellence in our working and funding capabilities, and navigate the funding surroundings.”
