THE new head of fund of funds for Yangzijiang Financial will be helmed by Wu Menglin, who was previously GIC’s vice-president of private equity funds and co-investments. In her new role, Wu will lead the due diligence and selection process of the group’s investments in international funds outside of China, said Yangzijiang Financial in a bourse announcement on Monday (Oct 10).

In her 10-year stint at GIC, Wu managed fund investments in Asia and co-investments in sectors including healthcare; advanced manufacturing; consumer; technology, media and telecom; fintech; and business services. 

Yangzijiang Financial’s chief executive officer and chief investment officer, Vincent Toe, believes her appointment would serve to strengthen the company’s market position, given her “close relationships with leading fund managers”.

According to the announcement, Wu has a master’s degree in information and computer engineering, a bachelor’s degree in engineering from the University of Cambridge and is a CFA (chartered financial analyst) charterholder.

“The group is confident that with her deep industry expertise, she will contribute immense value as we devote ourselves to meeting the evolving needs of diversification of our investment portfolio,” said Toe.