GIC’s London Unit Grew Employee Compensation for Years Leading to Brexit

Posted on 11/01/2017

With the people of the U.K. majority voting to leave the European Union, will this impact sovereign wealth funds operating in the country? Singapore’s GIC Private Limited has a U.K. unit based in London. In fiscal year 2016 (ended March 31, 2016), employee compensation costs totaled 102.389 million SGD, versus 66 million SGD in 2015 […]