Dr Jeffrey Jaensubhakij to retire as GIC group chief investment officer in April

Dr Jeffrey Jaensubhakij, GIC’s group chief investment officer (CIO), will retire from his role in April 2025. He will be succeeded by Mr Bryan Yeo, GIC’s current deputy group CIO, who will take over responsibility for managing the sovereign wealth fund’s total investment portfolio.

The leadership transition will take effect on 1 April 2025, according to a news release by GIC on Tuesday (4 Feb). Following his retirement, Dr Jaensubhakij will remain with GIC as an adviser.

Dr Jaensubhakij joined GIC in 1998 as an economist and later transitioned to the equities department as a portfolio manager. He has held various roles throughout his career, culminating in his appointment as group chief investment officer in January 2017. In that role, he was responsible for overseeing GIC’s total investment portfolio and working closely with heads of investment groups to develop and implement strategies across asset classes.

During his tenure, Dr Jaensubhakij played a key role in shaping GIC’s investment strategies, which have been critical to the sovereign wealth fund’s global growth.

In addition to the change at the group CIO level, GIC announced that its chief investment officer for infrastructure, Mr Ang Eng Seng, will also step down and assume an advisory role. Mr Ang’s responsibilities will be handed over to Mr Boon Chin Hau, who will take over as CIO for infrastructure.

Mr Ang has been with GIC since 1994, after serving as a director at Singapore’s Auditor-General’s Office. Over the years, he has held key positions, including president for Europe and head of the integrated strategies group. His contributions have been instrumental in GIC’s expansion into private markets and the development of its infrastructure investments.

GIC’s chief executive officer, Mr Lim Chow Kiat, acknowledged the contributions of both Dr Jaensubhakij and Mr Ang, praising their decades of dedication and leadership.

“Jeffrey was a key architect of the GIC total portfolio and an innovator in investment policies. Eng Seng was instrumental in the expansion of private markets across asset classes and geographies, and was a founding leader for the infrastructure group,” Mr Lim said.

He added that GIC would benefit from their continued guidance as advisers, stating, “We look forward to their continued contributions as GIC advisers in the days ahead. 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.”