Singapore’s GIC to name Chia as successor to Sung as CRO

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The Government of Singapore Investment Corporation (GIC), one of the world's largest sovereign wealth funds, has appointed Chia Tai Tee as its new chief risk officer. Chia, currently deputy chief risk officer and director of the risk and performance department, will replace incumbent, Sung Cheng Chih, on July 1. Pang Wai Yin, currently deputy director of the risk and performance department, will be promoted to head that department on July 1. There will be no immediate replacement for the role