GIC elevates key investment heads to executive group

To mark 45 years of investment excellence, the sovereign wealth fund has announced key leadership appointments.

GIC, Singapore’s sovereign wealth fund, has named two new investment heads to support its focus on long-term institutional continuity.

According to a statement, GIC appointed Mark Ong, chief investment officer, Public Equities, and Boon Chin Hau, chief investment officer, Infrastructure, to its highest management body, the Group Executive Committee.

“The leaders will play a critical role in charting GIC’s active investment strategies and fostering a culture of excellence,” the statement read.

The appointments, which coincided GIC’s 45th anniversary, are effective from 1 April.

GIC also announced the appointment of Bob Prince, co-chief investment officer, Bridgewater Associates & Chair of Bridgewater’s Board of Directors, to its International Advisory Board. He will also serve in an advisory capacity to GIC’s Investment Strategies Committee.