The Government of Singapore Investment Corp (GIC) plans to retain holdings in big western financial institutions such as UBS and Citigroup for up to 30 years and is looking for further investment opportunities in the sector, Lee Kuan Yew, chairman of the state’s sovereign wealth fund, told Bloomberg TV.

This entry was posted by Gwen Robinson on Thursday, May 1st, 2008 at 5:18 and is filed under Capital markets, People. Tagged with gic. Edit this entry.