07.01.2013 - A new CIO for Singapore's sovereign wealth fund
Singapore's sovereign wealth fund will soon have a new chief investment officer, effective February 1, 2013. Lim Chow Kiat will succeed Ng Kok Song as the Government of Singapore Investment Corporation's (GIC) Group Chief Investment Officer (GCIO). Lim, 42, is currently the Deputy GCIO, after having joined the firm in 1993. Ng, 64, will be retiring after 42 years in the management of Singapore’s foreign reserves, a release by the GIC said. He started his career as an investment analyst in the Ministry of Finance in 1970. He moved to the Monetary Authority of Singapore when it was formed in 1971 and took over the function of managing Singapore’s reserves. In 1986, five years after GIC was formed, he joined GIC as the first non-expatriate director, and headed the equities and bond department...............................................Full Article: Source
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