GIC appoints Lim Chow Kiat as President of Asset Management

Mr Lim will hand over his role as President (Europe) to Dr Jeffrey Jaensubhakij starting 1 July 2011.

Meanwhile Mr Tay Lim Hock, Deputy President since July 2010, will be appointed President, GIC Special Investments.

Mr Goh Kok Huat, Deputy President since July 2010, will be appointed President, GIC Real Estate.

Mr Quah Wee Ghee will chair GIC’s India Business Group. Mr Quah will retire as President, GIC Asset Management.

Dr Teh Kok Peng will chair GIC’s China Business Group. Dr Teh will retire as President, GIC Special Investments.

Dr Seek Ngee Huat will chair GIC’s Latin America Business Group. Dr Seek will retire as President, GIC Real Estate.

Dr Tony Tan, GIC Deputy Chairman and Executive Director, said these changes will ensure smooth transition in the leadership of the three investment companies of GIC and at the same time strengthen GIC’s reach in the emerging markets.