Global Market: GIC reshuffles senior investment leadership, names two deputy group CIOs

Singapore's sovereign wealth fund GIC has announced a series of senior leadership appointments, naming two deputy group chief investment officers (DGCIOs) and appointing a new chief investment officer (CIO) for its Fixed Income & Multi Asset (FIMA) business, according to Reuters.

As part of the leadership reshuffle, Choo Yong Cheen, currently the CIO for Private Equity, has been appointed deputy group chief investment officer while continuing in his existing role. According to Reuters, his expanded responsibilities will include oversight of GIC's private market investment businesses, covering private equity, real estate, infrastructure, and the Integrated Strategies Group, which focuses on non-traditional investment opportunities.

GIC has also promoted Liew Tzu Mi, who currently serves as CIO for FIMA and director of the Portfolio Execution & Solutions Group (PESG), to the position of deputy group chief investment officer. Liew will continue to lead PESG but will relinquish the CIO role for FIMA as part of the transition.


The sovereign wealth fund has appointed Liang Jiajie, currently deputy CIO for FIMA, as the new chief investment officer for the Fixed Income & Multi Asset business.

Leadership structure remains aligned

Under the revised leadership framework, both deputy group chief investment officers will support the group chief investment officer in overseeing GIC's global investment activities. Reuters reported that all chief investment officers across the organisation will continue to report directly to the group chief investment officer.

GIC's global investment footprint

Established in 1981 to manage Singapore's foreign reserves, GIC is one of the world's largest sovereign wealth funds. The firm invests across public equities, fixed income, real estate, infrastructure, private equity and other asset classes.

The investment firm has a workforce of more than 2,500 employees spread across 11 financial centres globally and maintains investments in more than 40 countries.

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