Avanda set to soar

Man of experience: Ng’s Avanda’s assets have more than doubled to around US$10bil (RM42bil) since he co-founded it in mid-2015. — Bloomberg

EACH morning Ng Kok Song meditates for 25 minutes to clear his mind. Later he may tend to his garden or even take a nap. But far from enjoying a quiet retirement, the 74-year-old has built one of Singapore’s fastest-growing investment firms with plans to make it a global player.

Avanda Investment Management’s assets have more than doubled to around US$10bil (RM42bil) since it was co-founded by Ng in mid-2015 – soon after he retired from sovereign wealth giant GIC Pte as its chief investment officer following a 42-year career in the public service.