(Reuters) – Singapore’s sovereign wealth fund GIC’s chief investment officer Jeffrey Jaensubhakij will resign after three decades with the firm, Bloomberg News reported on Monday, citing unnamed people familiar with the matter.
Jaensubhakij, who took up the role of CIO in 2017, is expected to be succeeded by deputy group CIO Bryan Yeo in April, according to the report.
GIC did not confirm the news but said in a statement that it “is very careful with all key appointments, including announcing any change to them in a timely manner.”
GIC is ramping up its investments across companies. In December, GIC said it would invest an additional $150 million in India-based Asia Healthcare Holdings.
(Reporting by Sherin Sunny in Bengaluru & Yantoultra Ngui; Editing by Mrigank Dhaniwala)
