The $220 billion sovereign fund is to relocate Jeffrey Jaensubhakij to Singapore to become president of GIC Asset Management. This will allow Lim Chow Kiat to focus on being CIO.
Singapore's $220 billion Government Investment Corporation announces that deputy Lim Chow-Kiat will succeed long-serving Ng Kok-Song, who retires after more than 40 years.
The Singapore sovereign fund has raised its cash allocation and will try to capitalise on opportunities in challenged markets. It outlines its approach to selecting external managers.
Pang Cheng Duan becomes Singapore head of fixed income, having previously worked for the Monetary Authority of Singapore and the city state's largest sovereign wealth fund.
Asia's financial institutions should take advantage of an unusually open playing field, says Tony Tan of Singapore's Government Investment Corporation.