Singapore’s GIC to open office in Brazil after hike in investments

BusinessWeek, 10 Jun 2013
Government of Singapore Investment Corp., which manages more than $100 billion of the nation’s reserves, is planning to open a Sao Paulo office next year after investing in Brazil, a person familiar with the matter said.
The sovereign wealth fund, known as GIC, has hired Gastao Valente as senior vice president and Marcos Freitas as assistant vice president for its Brazilian investments, the person said, asking not to be identified as the information is confidential. The two executives are now working at its New York office, the person said. Mah Lay Choon, a GIC spokeswoman, declined to comment on the plan. Full story
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