You are here

Transformation of GIC

GIC has moved away from the endowment model of strategic asset allocation it had followed for a decade to become one of the world's most aggressive sovereign wealth funds.
Wednesday, December 10, 2014 - 05:50
BT_20141210_GIC10_1405217.jpg
These days, the role of Mr Lim Chow Kiat (above) at GIC is all about breaking old habits. He and his boss, group president Lim Siong Guan are steering GIC through a major overhaul designed to squeeze higher returns from the fund's investments.

LIM Chow Kiat, a 44-year-old man with a calm demeanour and a dimpled smile, is known as someone who doesn't stray from his habitual ways. Friends and colleagues say that Mr Lim - group chief investment officer (CIO) of GIC Pte, Singapore's sovereign wealth fund - has kept his hair short and worn