GIC has announced senior leadership appointments, which will strengthen GIC’s investment capacity, effective June 1, 2016.

Lim Chow Kiat will be appointed Deputy Group President, while concurrently Group Chief Investment Officer (CIO).

Jeffrey Jaensubhakij will be appointed Deputy Group CIO, while concurrently President, Public Markets.

Lim Kee Chong remains as Deputy Group CIO and concurrently Director, Integrated Strategies Group.

Tay Lim Hock remains as President of Private Equity & Infrastructure, and Goh Kok Huat as President of Real Estate and concurrently Chief Operating Officer.

GIC said that new senior investment positions will be created to enhance investment capability.

In addition, the following appointments will take effect June 1, 2016: Ang Eng Seng as Chief Investment Officer for Infrastructure, while continuing concurrently as President (Europe); Choo Yong Cheen as CIO for Private Equity; Lee Kok Sun as CIO for Real Estate; Liew Tzu Mi as CIO for Fixed Income; and Bryan Yeo as CIO for Public Equities.

Lim Siong Guan, Group President of GIC, said: “The new senior appointments enhance the development of a strong leadership bench for GIC, allowing us to build new investment capabilities and extend our investment and operating platforms.”

“The appointment of chief investment officers reflects the maturing of GIC’s investment talent, and strengthening of GIC’s capacity to deal with an investment environment of lower returns, increased volatility, and greater uncertainty,” he said.

GIC is a global investment firm with well over $100bn in assets under management.

Established in 1981 to secure the financial future of Singapore, the firm manages Singapore’s foreign reserves.