Leadership Reshuffle at GIC Sees Promotions and Departuresby Fintech News Singapore February 8, 2024
Singaporean sovereign wealth fund GIC has announced updates to its senior management team, effective from 1 April 2024, signaling a shift in leadership roles within the company.
Sam Kim, the current Deputy Chief Operating Officer (COO), has been promoted to COO and will also join the Group Executive Committee (GEC), GIC’s top management entity responsible for major decisions regarding investments as well as organisational and personnel matters.
Bryan Yeo, the present Chief Investment Officer (CIO) for Public Equities, will take on the role of Deputy Group CIO and will become the Director of GIC’s Integrated Strategies Group (ISG).
Meanwhile, Mark Ong, who currently serves as Head of Asia Pacific Equities, will replace Yeo as the CIO for Public Equities.
Goh Chin Kiong, now the Deputy CIO for Real Estate, will ascend to the position of CIO for Real Estate, following the retirement of Lee Kok Sun from GIC.
Boon Chin Hau has been named Deputy CIO for Infrastructure, marking another addition to the leadership adjustments.
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.
However, both will continue to be part of the GEC and the Global Leadership Group, contributing to investment reviews and other other enterprise-level initiatives.
Lim Chow Kiat, Chief Executive Officer of GIC said,
“I would like to express my gratitude to Mr Lee, for his commitment to GIC over the last 27 years including his time as CIO for Real Estate. Our real estate portfolio is the global industry leader that it is today thanks to Mr Lee’s vision, tenacity and dedication. We wish Mr Lee all the best in his retirement.
It is our privilege that both Mr Tay and Mr Lim will continue to contribute their expertise as members of our various leadership groups. With this refreshed leadership bench, I am confident that we can continue to pursue excellence in our operating and investment capabilities, and navigate the investment environment.”