AIG appoints senior Asia executive

Lye-Thiam Koh, former head of NTUC Income Insurance's private equity programme, will help AIG expand its fund of funds activities in Asia.

AIG Investments has appointed Lye-Thiam Koh as a vice president of its Asian private equity funds group. Koh will be based in Hong Kong in his new role.

At AIG, Koh will be a part of AIG’s global fund of funds team and will oversee its Asian fund investments. He reports to Ada Tse, president and chief executive officer for AIG's Asia operations as well as head of the firm’s Asian alternative investment activity.

Koh was formerly the head of private equity at NTUC Income Insurance, a Singaporean insurance company, where he was responsible for establishing and developing a private equity funds programme for the company.

He was earlier at TIF Ventures, where he managed a Singapore government-sponsored fund of funds programme. TIF is a wholly owned subsidiary of EDB Investments, which in turn is the investment arm of the Economic Development Board of Singapore.

Besides making primary commitments to funds in the region, AIG Investments also makes direct and secondary investments.

Separately, AIG Investments revealed to PEO that it will set up an office in Colombia in the last quarter of 2008 to pursue investments in Colombia and Peru. 

Thus far, the firm has raised more than $1.4 billion (€1 billion) for its private equity fund of funds programme.