GIC Confirms Promotion of Bryan Yeo to CIO as Jeffrey Jaensubhakij Retires

GIC has designated Bryan Yeo as the next chief investment officer (Image: GIC)

Singapore’s GIC on Tuesday announced the promotion of Bryan Yeo to chief investment officer of the sovereign wealth fund to succeed the retiring Jeffrey Jaensubhakij.

Yeo, who currently serves as deputy CIO, will take up the new post on 1 April as Jaensubhakij assumes an advisory role, GIC said in a release. On the same date, Boon Chin Hau will take over as CIO for infrastructure from the retiring Ang Eng Seng.

GIC CEO Lim Chow Kiat said the organisation looked forward to Jaensubhakij and Ang continuing to contribute as advisors.

“I would like to express my gratitude to Jeffrey and Eng Seng, for their commitment to GIC over the decades,” Lim said. “Jeffrey was a key architect of the GIC total portfolio and an innovator in investment policies. Eng Seng was instrumental in the expansion of private markets across asset classes and geographies, and was a founding leader for the infrastructure group.”

Cambridge Grad
GIC appointed Yeo as deputy CIO and director of the integrated strategies group last April. He currently heads a unit that studies cross-asset-class investment opportunities in public and private companies.

Jeffrey Jaensubhakij will retire to an advisory role (Image: GIC)

The Cambridge alum joined GIC’s fixed-income department as a portfolio manager in 2003 and rose to senior roles including head of credit markets, head of fixed income in the Americas and head of credit research and strategy.

Yeo served as CIO for public equities from 2016 to 2024, overseeing capital allocation and portfolio construction across global developed and emerging markets.

Yeo’s promotion and Jaensubhakij’s exit were first reported in January by Bloomberg.

New Americas Head
In a separate personnel move reported by PERE last month, GIC is said to have appointed Cai Wenzheng to head of real estate in the Americas.

Cai, who has been with the $801 billion fund for more than 16 years, currently serves as head of real estate global investments and portfolio strategy, and would be replacing Adam Gallistel, who will take on a new role as co-CEO for CBRE Investment Management from 1 April.

GIC has yet to comment on the report of Cai’s new role.