7 March 2014
Mr Goh Kok Huat, 49, will be appointed Chief Operating Officer of GIC, effective 1 April 2014. Mr Goh continues as President, GIC Real Estate concurrently, a position he has held since 2011.
In 2013, GIC implemented its New Investment Framework which capitalises on GIC’s core strengths: a long-term perspective, a global presence, a skilled and experienced team, and the ability to invest in cross-asset opportunities. GIC operates in a landscape that is increasingly complex and competitive, and actively refines its strategy to build investment capability and agility. As Chief Operating Officer, Mr Goh plays a crucial role at this juncture of GIC’s organizational transformation. He will oversee the integration of investment strategy and process, with operations and technology.
About GIC (www.gic.com.sg)
GIC is among the world’s largest fund management companies. It was established in 1981 to manage Singapore’s foreign reserves. GIC strives to achieve good long-term returns on assets under its management, so as to preserve and enhance Singapore’s reserves. Since its inception, GIC has grown from managing a few billion dollars to well above US$100 billion today. GIC’s investment framework capitalises on its strengths which include the ability to take a long-term investment perspective, a global presence, capabilities to invest in cross-asset opportunities, and a skilled and experienced team. It has investments across 40 countries and in assets such as equities, fixed income, real estate and private equity. GIC is headquartered in Singapore with a network of offices in nine cities worldwide.