Chief investment officer of the Government of Singapore Investment Corporation (GIC) Ng Kok Song will retire on 1 February and will be succeeded by deputy chief investment officer Lim Chow Kiat. SMU Professor of Finance Melvyn Teo said that GIC will have to deal with the volatile investment environment and may find it difficult to get the kinds of gains seen previously. "GIC will also have to contend with domestic pressures and scrutiny at home. Every bad investment will be paid close attention by Singaporeans who have shown an increasing interest in how GIC manages its investments," he said.
Source
The Straits Times