GIC names two deputy CIOs in investment leadership revamp
The appointments expand oversight across private markets and strategy.
GIC, Singapore’s sovereign wealth fund, will appoint two deputy group chief investment officers (DGCIOs) as part of a senior management reshuffle that takes effect on 1 October, as it reorganises its investment leadership to oversee its portfolio across asset classes.
GIC said Choo Yong Cheen, currently chief investment officer (CIO) for private equity, will become DGCIO whilst retaining his existing role.
He will oversee GIC's private market businesses, including private equity, real estate, infrastructure, and the Integrated Strategies Group.
Liew Tzu Mi, currently CIO for Fixed Income & Multi Asset (FIMA) and director of the Portfolio Execution & Solutions Group (PESG), will also be appointed DGCIO. She will continue to lead PESG but will step down as CIO for FIMA.
In her expanded role, Liew will oversee total portfolio research and strategy alongside portfolio execution and implementation.
GIC also appointed Liang Jiajie, currently deputy CIO for FIMA, as CIO for the division. He will continue as head of Global Macro.
Liang has been part of FIMA's leadership team for nearly a decade and has helped expand its multi-asset investing capabilities, including multi-asset macro, systematic investing, and credit strategies.
Both deputy group CIOs will support the group chief investment officer, whilst all CIOs will continue to report to the GCIO.
In the announcement, CEO Lim Chow Kiat said the global investment environment has become more complex and requires greater cross-domain leadership.
He said the appointments are intended to strengthen collaboration across GIC's investment strategies and create more value across the total portfolio.