The Government of Singapore Investment Corporation (GIC) has appointed acting chairmen for its GIC Real Estate and GIC Special Investments units, The Wall Street Journal reports. Trade and industry minister Lim Kiang will become acting Chairman of GIC Real Estate, which manages the fund’s property investments around the world.
Ang Hua will become acting Chairman of GIC Special Investments, which takes care of private equity and infrastructure. The positions have been left vacant by deputy chairman and executive director Tony Tan, who is resigning to contest for Singapore’s presidency. The firm will leave Tan’s main position of executive director open until it finds a suitable replacement.
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