GIC, Singapore’s sovereign wealth fund, has announced significant changes to its senior management team. The moves will come into effect on 1 April 2025.
Mr Bryan Yeo, currently Deputy Group Chief Investment Officer (CIO), will be appointed Group CIO. He will oversee GIC’s total investment portfolio. He takes over from Dr Jeffrey Jaensubhakij, who will retire as Group CIO and be appointed a GIC Advisor.
Before this, he served as CIO for public equities from 2016 to 2024, overseeing capital allocation and portfolio construction for the equities portfolio across global developed and emerging markets.
Bryan joined GIC’s fixed income department as a portfolio manager in 2003 and rose to senior roles including head of credit markets and head of fixed income of the Americas based in New York, as well as head of credit research and strategy.
Also, Mr Boon Chin Hau will be appointed CIO for Infrastructure. He takes over from Mr Ang Eng Seng, who will retire as CIO Infrastructure and be appointed a GIC Advisor.
Boon joined the fund’s infrastructure group in 2008 and rose to senior roles including head of infrastructure for Asia and emerging markets, and head of infrastructure credit. He has worked in GIC’s London, New York and Singapore offices.
Before joining the fund, Boon was an investment manager at Pulsar Energy Capital, where he invested in projects across the energy sector in Europe and the Americas.
Prior to Pulsar, he was a member of the infrastructure advisory team at Credit Suisse, covering a range of projects in transport, logistics and aerospace.
“I would like to express my gratitude to Jeffrey and Eng Seng, for their commitment to GIC over the decades. Jeffrey was a key architect of the GIC total portfolio and an innovator in investment policies. 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 Advisors in the days ahead.
“I am confident that the leadership team which we have built over time will bring new perspectives and unique strengths to GIC as we continue to fulfil our purpose of securing Singapore’s financial future.”
Mr Lim Chow Kiat, Chief Executive Officer, GIC
GIC has assets under management of about US$800.8bn (S$1.1tr) and the company is one of the three entities that contribute to Singapore’s reserves. GIC, alongside joint venture partner Greystar, also acquired Student Roost in 2022, the UK’s third largest purpose-built student accommodation (PBSA) provider.
