GIC Unveils String Of Senior Appointments

Vanessa Doctor

5 March 2013

Government of Singapore Investment Corporation, the Singaporean sovereign wealth fund which at the end of last year owned 6.4 per cent of UBS, has announced a raft of appointments for itself and its asset management business.

Dr Jeffrey Jaensubhakij takes over from Lim Chow Kiat as president of GIC Asset Management starting 1 April 2013. Jaensubhakij joined the firm in 1998 and has served as president of the Europe office. For his new role, he will relocate from London to Singapore.

Lim Kee Chong, currently the deputy president of GAM and director of global equities, will also be taking on a new role as deputy group chief investment officer of GIC. Ang Eng Seng, who became part of GIC in 1994, will serve as president of the Europe office. Both Lim and Ang will also assume their new positions on 1 April.

Government of Singapore Investment Corporation was established in 1981 and now has offices in 9 cities worldwide.