Lim Chow Kiat (Art by Tim Bower)
Singapore’s sovereign wealth fund GIC has named current Group CIO
and Deputy Group President Lim Chow Kiat as its new CEO, effective January 1.
Lim replaces outgoing Group President Lim Siong Guan who will also
retire as of January 1, and be appointed to advisor to the GIC group executive
committee. He has led the sovereign fund since 2007.
“I am happy to be able to hand over the reins of leading GIC to Chow
Kiat,” Lim Siong Guan said in a statement. “Chow Kiat comes with clear
investment credentials to take GIC into the future and lead an organization
that is alert to new possibilities, faster in moving on opportunities, and
nimble in execution.”
GIC also announced Deputy Group CIO Jeffrey Jaensubjakij will
succeed Lim as group CIO and leave his current role as president of public
In other leadership moves, Current Deputy Group CIO and Director of
Integrated Strategies Group Lim Kee Chong has been appointed New-York based
president of the GIC’s Americas branch.
Tay Lim Hock has also been named deputy group CIO and London-based
president of GIC’s European arm. He will also be an adviser in private equity
and infrastructure while relinquishing his current role as president of that
Goh Kok Huat will continue his role as COO as well as act as adviser
instead of his current position as president in real estate.
GIC underwent a number of leadership changes in June including the
appointment of Lim Chow Kiat to deputy group president and Jaensubjakij to
deputy group CIO. The fund also appointed five new CIOs to oversee each of its
main asset classes.
“The new senior appointments enhance the development of a strong
leadership bench for GIC,” Lim Siong Guan said in June, “allowing us to build
new investment capabilities and extend our investment and operating
GIC Reshuffles Leadership, Adds New