The Government of Singapore Investment Corporation (GIC), which manages around EUR 137 bn in assets, has appointed Goh Kok Huat as president of the sovereign wealth fund's real estate arm.
The Government of Singapore Investment Corporation (GIC), which manages around EUR 137 bn in assets, has appointed Goh Kok Huat as president of the sovereign wealth fund's real estate arm.
Goh Kok Huat has been deputy president of GIC Real Estate since July 2010 and he replaces Seek Ngee Huat, who has been named head of GIC's Latin American business.
The moves are part of a raft of executive changes at GIC that also see Lim Chow Kiat, president (Europe) since September 2009 becoming president of GIC Asset Management. Jeffrey Jaensubhakij is replacing him as president of GIC's European operations.
In addition, Tay Lim Hock, deputy president of GIC Special Investments since July 2010 has been named president.
GIC deputy chairman and executive director Tony Tan said: 'Carefully planned and well-executed leadership changes are key to GIC's sustained success. These changes will ensure smooth transition in the leadership of the three investment companies of GIC and at the same time strengthen GIC's reach in the emerging markets.'
