New Management Appointments

01 Mar 2013

GIC is pleased to announce the following appointments which will take effect on 1 April 2013.

Dr Jeffrey Jaensubhakij, 46, will be appointed President of GIC Asset Management (GAM), which manages public market investments in GIC. He takes over from Mr Lim Chow Kiat who will concentrate on his role as the Group Chief Investment Officer, to which he was appointed on 1 February 2013. Dr Jaensubhakij will relinquish his appointment as President (Europe) and relocate from London to Singapore. He joined GIC in 1998.

Mr Lim Kee Chong, 52, will be appointed Deputy Group Chief Investment Officer. He is currently Deputy President of GAM and Director of Global Equities. He will concurrently be the Director of Integrated Strategies in GIC. The Integrated Strategies Group (ISG) was formed a year ago to facilitate group-wide investments by sourcing, evaluating and coordinating investments which are cross-asset class in nature. ISG will help build strategic global relationships with key investors and corporations. Mr Lim joined GIC in 1987.

Mr Ang Eng Seng, 50, will succeed Dr Jaensubhakij as President (Europe), and be based in London. He will also assist Mr Lim Kee Chong in pursuing investment opportunities for ISG. Mr Ang joined GIC in 1994.

Said Group President Mr Lim Siong Guan, “Jeffrey, Kee Chong and Eng Seng have all worked in GIC for many years and have a clear understanding of the organization. They are well-positioned to integrate strategies and optimise GIC’s advantage as a large fund capable of executing investments across product types, public and private markets, and capital structures.”

The CVs of the new appointees are attached.