GIC
Who We Are
We're a global long-terminvestor, with purpose in ourhearts and the future on ourminds.
Purpose of Funds
GIC is one of the three investment entities in Singapore that manage the Government’s reserves, alongside the Monetary Authority of Singapore (MAS) and Temasek. We manage most of the Government’s financial assets, investing for the long term with an aim to preserve and enhance the international purchasing power of the funds placed in our care.
Why Reserves Matter
The reserves are a critical resource for Singapore’s future. First, they are a valuable buffer for unavoidable downturns. Second, a strong national balance sheet fosters investor confidence, enhancing the Singapore dollar’s resilience. Third, income from investing the reserves.
Supplementing the Government’s Annual Budget
Singaporeans benefit from the returns of GIC, as well as those of MAS and Temasek. The Net Investment Returns Contribution (NIRC), estimated to be S$21.56 billion in Financial Year (FY) 2022. has allowed the Government to make further investments for the long term, such as in education, R&D, healthcare, and improving our physical environment.
Our Leadership
Our people are our transformational force. GIC continues to build new capabilities and expand our investment and operating platforms, as we seek to strengthen our investment performance and organisational resilience into the future.
Organizational Structure
People are the heart of GIC. Our investment professionals manage the reserves for the long term in partnership with our business professionals. Regardless of role or function, we are one GIC team — united in the common pursuit of investing for Singapore.
Our History
Established in 1981. GIC was the brainchild of Dr Goh Keng Swee, then Deputy Prime Minister and Chairman of the Monetary Authority of Singapore. Dr Goh was a singular man, whose bold vision continues to drive a secure financial future for Singapore.
Our Values
GIC is shaped by our core values: PRIME.
We are guided by Prudence, Respect, Integrity, Merit and Excellence. These values guide our actions and decisions as we work towards doing better for Singapore.
Prudence
Use sound judgment to take appropriate and informed risks.
Respect
Treat everyone with dignity and value the perspectives and work of others.
Integrity
Be honest, ethical, and trustworthy. Do what’s right.
Merit
Reward both achievements and behaviours equitably.
Excellence
Be ambitious and agile, while remaining anchored in GIC’s purpose. Be the best version of ourselves.
Our PRIME values serve as a moral compass. We also have three key culture attributes that shape the way we are preparing for the future: we are driven by Ambition, Agility and Diversity. These three attributes direct us to embrace change and value different capabilities and creativity, so that GIC may be a leading global long-term investor.
Website :https://www.gic.com.sg/
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