GIC names new heads of investment in reshuffle
The sovereign wealth fund has introduced new leadership at its three investment subsidiaries in a widely expected move, strengthening its reach into emerging markets.
Singapore sovereign wealth fund GIC has unveiled a widely expected internal management reshuffle following the succession of Prime Minister Lee Hsien Loong as chairman.
The government-owned fund, established 30 years ago to manage Singapore’s foreign reserves, has appointed new heads of its three key investment subsidiaries, effective from July 1.
All the new successors are well known and well placed, note sources. In the process, GIC has also sought to strengthen its reach into…
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