Ng Kok Song has resigned from his position as group chief investment officer of Government of Singapore Investment Corporation (GIC), the eighth-largest state investment fund in the world. Ng has spent more than four decades managing Singapore’s foreign reserves at the Ministry of Finance, the Monetary Authority of Singapore, and GIC, and he has seen the country’s investment strategy shift from one that emphasized safety and liquidity to one that is able to assume greater risk in the pursuit of larger returns.
Lim Chow Kiat, CFA, who will be replacing Ng as chief investment officer, has said that he will look to build on the investment capability of GIC that Ng developed, and he hopes to ensure that the GIC investment process remains robust. Ng will remain with GIC as adviser and chair of global investments, and both he and Lim will be speaking at the 66th CFA Institute Annual Conference in Singapore.
Ng will chair a panel discussion titled The Roaring Dragon: Global Investment Implications of a Rising China.” The panel — which includes Jonathan Anderson, former International Monetary Fund representative to China and Russia, and Wu Shangzi, former head of the private equity group at China International Capital Corporation Limited — will discuss some of the major shifts in China’s economy and what they mean for the rest of the world.
Lim’s session at the annual conference, “Investing in a Low-Yield World,” will discuss the current financial environment and its implications for investment approaches and strategies.
Follow this blog for more speaker updates as the event draws closer, and register to attend the conference in Singapore to hear from Ng and Lim directly and learn more about some of the economic influences and business factors that have guided GIC.
This post was updated on 4 March 2013, to update the list of speakers appearing with Ng Kok Song. Due to a scheduling conflict, Joseph Yam will be unable to participate in the panel discussion.
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