From the Financial Times:
The Government of Singapore Investment Corporation, one of the world’s biggest sovereign wealth funds, on Monday announced a senior management shake-up prompted by concerns about protectionism and regulatory change in the west.
GIC, estimated by Deutsche Bank to have assets of about $300bn, said it had appointed Lim Chow Kiat to the new post of president for Europe, based in London, while Anthony Lim Weng Kin would become president for Americas, based in New York.
The new regional heads – both internal appointments – will outrank the regional representatives of GIC’s three investment subsidiaries and will be expected to promote contacts with policymakers and opinion-formers as the fall-out from the global financial crisis becomes clearer.
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Hmmm, GIC’s continual focus on the Western economies shows more faith in the Western model of capitalism than what I personally have. Personally I think the Western banking model “spins” too much “fake money”. I don’t know how those damn bankers create “wealth” by simply pushing paper around. Forgive me for my ignorance about the private banking world.
Perhaps Mr Leong Sze Hien can offer us some information and his personal insights on this matter? :)
TOC, I am curious has the MSM published this article from the foreign 1st world, world class media?
If not, I wonder how would our naive youths know about international news and how they report on singapore-related matters?
2) Duang Mong Shuang on September 1st, 2009 11.22 am
Uhm, yes Financial Times is sold in Singapore as MSM. Yes, there’s an article on the Straits Times on this as well. Oh and the article that’s on TOC is written by a “Kevin Brown in Singapore”. So yes, I do believe this is reported in MSM.
I quote “If not, I wonder how would our naive youths know about international news and how they report on singapore-related matters?”
:)