Sung started his investment career at GIC in 1993 and retired as Managing Director and Chief Risk Officer in 2011. Subsequently, he took on advisory and board positions with multiple government bodies and financial institutions including the finance ministries in Norway and Singapore, Monetary Authority of Singapore, Bank of Thailand, MIT Investment Management Company, Markit Ltd (now part of IHS Markit), Singapore’s Ministry of Health and NTUC Income Insurance Co-operative. He also took on short term advisory engagements with the International Monetary Fund, Bank of Korea, and the Singapore Exchange (SGX).
In 2015, Sung co-founded Avanda Investment Management, a Singapore-based asset manager. During his tenure as CEO over the next 6 years, Avanda’s AUM grew to over US$9 billion, invested across a range of global and Asian multi-asset, equity and fixed income strategies.
Since retiring from Avandain mid-2021, Sung has taken on additional board and advisory roles with start-ups in diverse fields including sustainable investing, renewable energy, asset tokenisation and long/shortequity investing.
Sung studied mathematics first at the University of Waterloo and later at the University of Minnesota.