Nader Naeimi lands at GIC

A longstanding  AMP Capital executive has been appointed managing director at Singapore's sovereign wealth fund GIC.

Nader Naeimi who was head of dynamic markets at AMP Capital is now the portfolio manager and head of multi-asset, global macro at the US$744 billion asset owner.

He joined GIC eleven months ago as a senior vice president and portfolio manager after taking three months of gardening leave after leaving AMP Capital where he spent 21 years.

One of the reasons Naeimi joined was that the fund was launched to secure Singapore's financial future and management has the conviction to back that purpose.

"The culture feels authentic and real," he said.

"Secondly, GIC gives me the opportunity to stand for something. By that I mean I can stand by my investment principles and investment philosophy without being judged solely by short-term performance.

"Thirdly, it gave me the opportunity to collaborate with some of the greatest minds in investment and at the same time have access to vast resources available to GIC."

Naeimi argued that an extreme focus on short-term performance, constant peer comparisons, etc all lead to bad investment decisions.

"It's is so refreshing that I don't have to deal with this here at GIC. Critical thinking and foresight are well appreciated here.

"There is a clear culture of meritocracy, trust, and respect in an inclusive environment that leverages diversity to invest well for Singapore."

Earlier in his career, Naemi worked at GIO Asset Management and Bankers Trust.