Singapore’s sovereign wealth fund GIC announced a major leadership reshuffle, promoting Sam Kim to COO and Bryan Yeo to deputy group chief investment officer as part of its strategic overhaul. The changes, effective April 1, aim to strengthen GIC’s executive team amid challenging market conditions. Kim will also join the group’s executive committee, overseeing investment, organisational, and personnel matters. Mark Ong and Boon Chin Hau are appointed as the CIO for public equities and deputy CIO for infrastructure, respectively, with Goh Chin Kiong becoming the CIO for real estate. These appointments follow GIC’s report of its worst five-year return since 2016, attributed to market turmoil and geopolitical uncertainty.