SINGAPORE: Group chief investment officer for sovereign wealth fund Fund, Dr Jeffrey Jaensubhakij, is set to leave from his position in April.
He may be succeeded by recent assistant party chief expense officer, Mr Bryan Yeo, who will handle GIC’s overall investment portfolio.  ,
This change will take effect on April 1, according to a Leveraged press release on Tuesday ( Feb 4), adding that Dr. Jaensubhakij may be tapped as a GIC advisor.
Dr. Jaensubhakij started out as an analyst at GIC in 1998, and he later moved into the stocks office as a profile manager.  ,
He was appointed in January 2017 as the group’s chief investment agent, overseeing the company’s entire investment portfolio, and working with funding party heads to create and oversee investment strategies across all asset classes, according to the GIC site.
GIC also announced on Tuesday that Mr. Ang Eng Seng, its chief investment officer for system, will step down from his position and been appointed as an assistant. Mr. Boon Chin Hau may take over the position.
Mr Ang was a chairman of the Auditor-General’s Office in Singapore prior to joining GIC in 1994. He served as the head of the integrated techniques team and the mind of the prior positions as GIC’s chief investment officer for equipment.  ,
Mr. Lim Chow Kiat, the GIC’s chief executive officer, thanked both Dr. Jaensubhakij and Mr. Ang for their responsibility over the years.  ,
Jeffrey was a key figure in shaping the GIC’s overall investment and inventing investment strategies. Eng Seng was a founding member of the network team and was instrumental in the growth of private markets across resource groups and geographies.
We anticipate their ongoing contributions as GIC consultants in the days to come. I’m convinced that the leadership team we have developed over the years will provide fresh perspectives and special strengths to GIC as we carry on achieving our goal of securing Singapore’s economic future, he said.  ,