GIC Opens Sao Paulo Office

Lim Siong Guan, Group President of GIC Private Limited

Lim Siong Guan, Group President of GIC Private Limited

GIC Private Limited, one of Singapore’s sovereign wealth funds, has opened an office in São Paulo, Brazil. This is the GIC’s tenth worldwide office and reflects the GIC’s interest in Latin America. Wolfgang Schwerdtle, a senior vice president of GIC, is heading the Brazil office. Schwerdtle works in GIC Special Investments and had previously been with MidOcean Partners.

In a press release, GIC Group President, Lim Siong Guan stated, “GIC’s presence in Brazil is another step in our strategy to be present in key financial capitals around the world. Local partners and insights add to our global understanding of value investment opportunities. To stay ahead in an increasingly competitive landscape, we will continue to leverage our ability to invest on a multi-asset class basis, respond quickly to investment opportunities both large and small, and adopt a long-term view in our investment commitments.”

Here’s Why Singapore’s GIC is Expanding Investments in Brazil

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