Melissa Loh has left her role as a director in UOB’s trading team to join GIC as a Singapore-based portfolio manager.
She was with UOB for just 10 months and her new move marks a return to a sovereign wealth fund.
Loh was an associate director at Temasek between 2018 and 2020, according to her LinkedIn profile. GIC describes itself as a “fairly conservative investor” compared with Temasek. Both firms invest Singapore’s reserves.
GIC might also be regarded as conservative when it comes to front-office recruitment, although it maintains an enviable bench strength in the front office and has a track record of being able to selectively hire senior investment talent.
In July, for example, it hired Nader Naeimi as a portfolio manager for a new cross asset global allocation fund. Naeimi previously spent 21-years at AMP Capital, where he had latterly been head of dynamic markets.
GIC isn’t just hiring at a senior level. It has three portfolio manager jobs on offer between associate and VP rank, including for a fixed income financing PM, according to its careers site.
Meanwhile, the firm experienced two high-profile departures last month. Amit Kunal, GIC’s managing director of private equity in Southeast Asia, reportedly plans to start his own fund with assets under management of US$500m to US$1bn. Choo Koon Po, GIC’s vice president of private equity in Southeast Asia, is reportedly joining Kunal at the new fund.
Like Singapore’s three local banks, GIC’s overall hiring is now skewed towards technology. As we reported last month, Chao Xie, joined the fund as principal data scientist. A lead data science engineer is among 18 current GIC tech vacancies.
Photo by Kylle Pangan on Unsplash
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