Singapore sovereign wealth fund GIC appointed Bryan Yeo as its next group CIO, succeeding Jeffrey Jaensubhakij, effective April 1, the fund said in a statement.
Jaensubhakij will retire and be appointed as GIC adviser, the statement said. Bloomberg reported in January that Jaensubhakij would be stepping down from his position.
Yeo was appointed as deputy CIO in April, and was previously CIO for public equities between 2016 and 2024. He has been with the wealth fund since 2003 and held roles including head of credit markets and fixed income for the Americas based in New York and head of credit research and strategy.
In the same statement, the fund said that Boon Chin Hau, deputy CIO for infrastructure, will be appointed CIO for the asset class. He takes over from Ang Eng Seng, who will retire as CIO for infrastructure and also be appointed GIC adviser.
“Jeffrey was a key architect of the GIC total portfolio and an innovator in investment policies," Lim Chow Kiat chief executive officer of GIC, said in the statement. "Eng Seng was instrumental in the expansion of private markets across asset classes and geographies, and was a founding leader for the infrastructure group. We look forward to their continued contributions as GIC advisers in the days ahead.”
GIC has an estimated $847 billion in assets.
