Singapore’s sovereign wealth fund GIC has made changes to its senior management leadership team.
The appointments will take effect on October 1, GIC said in a statement.
GIC’s Chief Investment Officer (CIO) for Private Equity Choo Yong Chin will also take on the position of Deputy Group CIO. In his expanded role, Choo will oversee private market asset classes including PE, real estate, infrastructure, as well as the Integrated Strategies Group that invests in what GIC terms “less conventional investment opportunities”.
Liew Tzu Mi will also be appointed Deputy Group CIO. She will step down from her current role as CIO for Fixed Income and Multi Asset (FIMA), but retain her position as Director of Portfolio Execution and Solutions Group. Liew’s expanded scope will see her take on additional responsibility of overseeing GIC’s total portfolio and strategy, driving capital allocation while implementing the portfolio efficiently and at scale.
Liang Jiajie, who is currently Deputy CIO for FIMA, will be appointed CIO for FIMA. He will continue in his role as Head, Global Macro, which he has taken on since 2018. Liang has contributed significantly to FIMA’s expansion in its multi-asset investing capabilities, including multi-asset macro, systematic investing, and different segments of credit, GIC said.
All CIOs will continue reporting to GIC’s Group CIO, Bryan Yeo.
