GIC Announces Appointment for New Chief Operating Officer

Singapore's sovereign wealth fund GIC has appointed a new chief operating officer who will take over the current retiring chief operating officer.

Tay Lim Hock has been appointed as the next chief operating officer (COO) as Goh Kok Huat steps down in 2020, the firm said in a statement on Monday.

Tay who first entered GIC’s Asian private equity (PE) in 1995 was subsequently posted to London in 2000 as the head of PE Europe, according to «The Straits Times».

More Responsibilities

In 2003,  as the head of PE United States, he moved to San Francisco. In 2008, he then went on to become the global head of funds and co-investment group. Then in 2010, he became the deputy president of PE and infrastructure and the president in 2011. Tay eventually returned to London as the president (Europe) and deputy group chief investment officer.

«The new appointments refresh the bench and also prepare new leaders to take on more responsibilities. They show the long-term approach that defines GIC, whether in investing or succession planning,» Lim Chow Kiat, GIC chief executive officer, said in a media statement. 

Prior to entering GIC, Tay worked as an aeronautical engineer with the Republic of Singapore Air Force.