GIC promotes from within to replace group CIO

Singapore sovereign wealth fund GIC has announced that Lim Chow-Kiat is being promoted to group chief investment officer, effective from February 1. Previously group deputy CIO, he succeeds Ng Kok-Song, who retires after 42 years in management of the city-state’s foreign reserves. Ng will become an adviser to GIC in the role of chair of global investments. Ng Kok-Song In a published letter, GIC chairman and prime minister Lee Hsien Loong took the opportunity to thank Ng …