GIC has announced new appointments, following the retirement of two senior management members. The appointments are effective in July.
Tay Lim Hock, currently a deputy group CIO and president (Europe), will be appointed chief operating officer. As COO, he will oversee investment services, technology and corporate administration. He will relinquish his role as president (Europe) and relocate to Singapore from London. Tay joined GIC in 1995.
He succeeds Goh Kok Huat who will step down as COO after a decade with GIC. Kok will become a GIC adviser until June 30, 2020. Kok joined GIC in 2009 and was appointed president, real estate, in 2011. He was subsequently appointed COO in April 2014, concurrently with his real estate portfolio.
Arjun Gupta will replace Kok as president (Europe) and relocate from Singapore to London.
Separately, Dr. Leslie Teo will step down as director, economics and investment strategy, and as chief economist. His twin roles will go to two colleagues, Kevin Bong and Dr. Prakash Kannan.
Dr. Teo, who joined GIC in 2008, will become a GIC adviser until June 30, 2020.
Bong will be appointed director, economics and investment strategy. Dr. Kannan will be appointed chief economist and retain his current role as head, total portfolio management, economics and investment strategy.
