The Government of Singapore Investment Corporation GIC announced last week a couple of top management appointments that will become effective on July 1.
GIC was set up in 1981 to manage Singapore's foreign reserves. It currently manages in excess of $100 billion, making it one of the world's largest fund management companies. Its portfolio is managed by three closely held subsidiaries -- GIC asset management, GIC real estate and GIC special investments, responsible for public markets, real estate and private equity investments respectively.
Tony Tan has been appointed chairman of GIC real estate, in addition to his current roles as GIC deputy chairman and executive director and chairman of GIC special investments. Tan will replace...
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