The GIC, the sovereign wealth fund of Singapore, announced a shuffling of its investment leadership, which will take effect on October 1.
Choo Yong Cheen, the fund’s CIO for private equity, will be elevated to deputy group CIO, overseeing the fund’s private market assets, including its integrated strategies group, which invests in niche opportunities.
Liew Tzu Mi, the GIC’s fixed-income and multi-asset CIO and director of the portfolio execution and solutions group, was also named as deputy group CIO. She will oversee total portfolio research and strategy. FIMA Deputy CIO Liang Jiajie, who will succeed Liew as CIO of FIMA, was previously head of global macro at the GIC.
“The global investment environment is increasingly complex and requires more cross-domain leadership,” GIC CEO Lim Chow Kiat said in a statement. “These promotions will enable us to benefit from synergies across our diverse set of strategies and create more value for the total portfolio.”
The GIC manages approximately $936 billion in assets.