GIC unveils mini asset management reshuffle

In a mini-reshuffle, Singapore's sovereign wealth fund GIC announced it had appointed Jeffrey Jaensubhakij as president of its asset management business, which manages public market investments. The 46-year-old, who joined GIC in 1998 as a senior economist covering the US, relinquishes his position as the firm’s Europe president and will relocate from London to Singapore to take up the role, effective from April 1. He has had portfolio responsibilities as co-head of asset alloca…