GIC, Singapore’s sovereign wealth fund, has on Wednesday announced leadership appointments and widening global network of experts.
In line with its focus on long-term institutional continuity, GIC has appointed Mark Ong, Chief Investment Officer, Public Equities, and Boon Chin Hau, Chief Investment Officer, Infrastructure, to GIC’s highest management body, the Group Executive Committee, effective from April 1, the firm said in a statement.
According to the statement, the leaders will play a critical role in charting GIC’s active investment strategies and fostering a culture of excellence.
GIC is also deepening its access to global investment insights with the appointment of Bob Prince, Co-Chief Investment Officer, Bridgewater Associates & Chair of Bridgewater’s Board of Directors to its International Advisory Board (IAB), effective April 1.
In addition to joining the IAB, Prince will serve in an advisory capacity to GIC’s Investment Strategies Committee (ISC).
The IAB provides the GIC Board, its Board Committees, and Management with global and regional perspectives on geopolitical, economic, and market developments, offering advice on a wide range of investment-related matters. These include global investment trends, emerging asset classes, and new growth opportunities.
“Today’s updates represent our conviction that long-term success comes from having clear leadership and tapping a global network of experts. We also wish to empower our teams to find opportunities from the bottom up,
“This includes our teams investing in innovative tech companies in Silicon Valley and in opportunities arising from structural changes in sustainability,” said Lim Chow Kiat, GIC’s Chief Executive Officer.
GIC also said 2026 marks the 40th anniversary of its San Francisco office, which was set up in 1986 as its first base to build investment capabilities in the United States’ technology sector.
The sovereign wealth fund has since expanded its presence in the Bay Area, focusing on investments across different stages of company growth, including early-stage ventures and later-stage firms.
It said this long-standing presence has helped it develop networks that provide access to investment opportunities, including those linked to emerging technologies such as artificial intelligence.
Beyond the technology sector, GIC has also invested across industries including healthcare and real estate in the region.
It said its approach has centered on providing long-term capital to companies in both public and private markets, alongside leveraging its partnerships where relevant.
The firm added that its US operations, particularly in the Bay Area, remain a key part of its global investment strategy.
Meanwhile, sustainability continues to be a key priority for GIC.
According to the firm, over the years, its approach has become more deliberate and embedded. GIC has evolved from early experimentation with a cross-asset Sustainable Investment Fund to the formation of focused sustainability teams within its asset departments to capture emerging opportunities.
In parallel, GIC deepened its research into sustainability issues and progressively incorporated sustainability considerations into core investment processes across all asset classes.
GIC said it is now entering a new phase of its journey where asset departments will further integrate sustainability.
Thus, its teams will work more closely together, combining investment and sustainability expertise to better capture opportunities arising from climate change and broader sustainability trends.
This closer collaboration will also strengthen each team’s ability to identify and manage sustainability risks, including rising physical risks, regulatory developments, and evolving stakeholder expectations.
GIC said it remains focused on deepening its understanding of how sustainability issues impact its portfolio over the long term.
It also said it remains committed to its mission of preserving and enhancing the international purchasing power of Singapore’s reserves for generations to come.