Tony Tan has given up his positions as deputy chairman and executive director at the Government of Singapore Investment Corporation to contest at the upcoming Singapore presidential elections. The news comes days after GIC revealed its new RE chief.
Goh Kok Huat has been appointed president of GIC Real Estate as part of a reshuffle of its executive ranks, the larger of Singapore's two sovereign wealth funds said. He replaces Seek Ngee Huat who will now chair GIC's Latin America Business.
Diversifying allocations across alternative asset classes may mitigate the portfolio impact of climate change — which if left unchecked could cost institutional investors upwards of $12trn over the next 20 years, according to a recent study.
The Swiss-headquartered global alternatives investor has established a base in Seoul and appointed Alex Cho to head its Korean efforts. The appointment will bring the firm closer to clients including Korea Investment Corporation.