Powerful Singapore bureaucrat to head sovereign wealth fund

One of Singapore’s most influential bureaucrats was on Thursday appointed to the top management post at the Government of Singapore Investment Corporation (GIC), one of the world’s five biggest sovereign wealth funds.

Lim Siong Guan will become GIC group president on July 1, when he steps down as chair of the Economic Development Board, the agency in charge of attracting foreign direct investments to Singapore.

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Category: Singapore