SMU hires Prudential veteran as CIO to oversee S$1.5 billion endowment fund
The fund invests across asset classes including private equity and hedge funds
[SINGAPORE] Singapore Management University (SMU) has named Don Guo as chief investment officer, turning to a Prudential veteran to oversee the US$1.2 billion endowment fund.
Guo started on Apr 1, replacing Harvey Toor, who will leave the school at the end of June, a spokesperson for the university confirmed in an emailed statement. Guo was group CIO of insurer Prudential from September 2022 until he stepped down last year.
The endowment stood at S$1.5 billion as of Mar 31. It invests across asset classes including private equity and hedge funds, the spokesperson said. BLOOMBERG
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Profit with purpose: Kim Choo Kueh Chang’s pivot from public listing to protecting heritage
Singapore Kitchen CEO, senior manager charged with alleged fraud, falsifying accounts; both to stay in jobs for now
Record Singapore-US rate gap may widen further on inflows and hawkish Fed outlook
Marco Polo Marine shares plans to unlock value as boutique fund manager becomes substantial shareholder