Former minister Raymond Lim becomes chairman of APS Asset Management

FORMER government minister Raymond Lim has been made chairman of fund manager APS Asset Management

He was appointed independent director and senior adviser at the asset management company in January last year.

Founded in 1995, APS - which manages US$2.3 billion (S$2.8 billion) in assets - is run by Mr Wong Kok Hoi, formerly of the Government of Singapore Investment Corp.

At the time, Mr Wong said the appointment was part of the firm's long-term plan to build a high-quality institutional business by bringing in high-calibre individuals to its board.