Singapore’s GIC announces appointment of group chief investment officer

Lim Chow Kiat was named group chief investment officer of the Government of Singapore Investment Corp., effective Feb. 1.

Mr. Lim will replace Ng Kok Song in that role. Mr. Ng will take on an advisory role at the GIC — which manages about $100 billion — as chair of global investments, a new position, confirmed Felicia Tang, GIC vice president, corporate affairs and communications.

Mr. Ng also will join the sovereign wealth fund’s international advisory board and serve as an adviser to the GIC’s investment strategies committee and its group executive committee. Meanwhile, he’ll continue as a director on the boards of GIC Asset Management, GIC Real Estate and GIC Special Investments.

Mr. Lim, a 19-year GIC veteran, also serves as president of GIC Asset Management and deputy group CIO. A GIC news release Friday said Mr. Lim will continue to serve as president of GIC Asset Management “for the time being.” Ms. Tang declined to comment on whether the role of deputy group CIO will be filled.