GIC names new COO in management shuffle

Singapore

GIC has appointed Tay Lim Hock as chief operating officer (COO) following the retirement of Goh Kok Huat, who is stepping down after a decade with the Singapore sovereign wealth fund, it announced on Monday.

Mr Tay is the deputy group chief investment officer - a role he retains - and president (Europe) for GIC, a role which will now be filled by Arjun Gupta, a managing director and head, portfolio in the private equity group. Mr Tay will relocate to Singapore from London while Mr Gupta in turn relocates from Singapore to London.