2021 marks a key milestone for us, as we celebrate 40 years of pursuing our purpose to secure Singapore’s financial future.
Back in 1981, our founding leaders, namely the late Mr Lee Kuan Yew and Dr Goh Keng Swee, entrusted us with the mission to preserve and enhance the value of Singapore’s foreign reserves. The founding team built GIC from scratch – our first Managing Director, the late Mr Yong Pung How, began his tenure with only a desk and an unusable telephone. They succeeded through sheer grit and resourcefulness, and laid the strong foundation of a global investing organization.
Today, GIC has assets in over 40 countries and offices in 10 key financial cities. We have come a long way from being a small team comprising 14 government officers and fresh university graduates led by three expatriate fund managers, to having over 1,800 employees globally. We have developed capabilities to invest across a wide range of asset classes, including equities, fixed income, private equity, real estate, and infrastructure.
We would not be where we are today without the commitment and contributions of many, especially –
Our founding leaders and generations, for their foresight to recognise the importance of reserves management for Singapore and the boldness to set up GIC, the first global non-commodity-based sovereign wealth fund;
Our Client, the Government of Singapore, for their clear mandate and trust in empowering us to invest the best we can for Singapore;
Our Board and advisors, for their insights and wisdom to help us navigate the challenging and ever-changing market environment;
Our partners, for ensuring that our capital is safeguarded and invested successfully;
The many GICians through the decades, for contributing tirelessly to ensure that we grow from strength to strength internationally, to do our job well;
And finally, our ultimate stakeholders – the Singaporean public – for powering our purpose every day.
It has been a long and demanding journey, with more challenges ahead.