GIC makes senior leadership changes, appoints new group CIO

GIC’S deputy group chief investment officer (CIO) Bryan Yeo will ascend to the role of group CIO on Apr 1, following the retirement of Jeffrey Jaensubhakij.

Jaensubhakij steps down after almost three decades at the firm to take on the mantle as GIC adviser.

In his new role, Yeo, 46, will oversee the sovereign wealth fund’s total investment portfolio, said GIC in a statement on Tuesday (Feb 4).

Yeo joined GIC in 2003 as a portfolio manager in the fixed income department and rose to senior roles including head of credit markets as well as head of credit research and strategy.

He served as CIO for public equities from 2016 to 2024, and was appointed deputy CIO in April last year.

Meanwhile, Boon Chin Hau, 50, will become CIO for infrastructure on Apr 1.

Appointed deputy CIO for infrastructure last April, he succeeds Ang Eng Seng, who is retiring as CIO for infrastructure. Ang will also be appointed as a GIC adviser.

Boon joined GIC’s infrastructure group in 2008, rising to senior roles including head of infrastructure for Asia and emerging markets, as well as head of infrastructure credit.

Prior to that, he was an investment manager at UK private equity firm Pulsar Energy Capital, and was also part of the infrastructure advisory team at Credit Suisse.

GIC chief executive Lim Chow Kiat looks forward to Jaensubhakij’s and Ang’s contributions as advisers.

He said: “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.”