China's SWF on hiring spree
Wednesday, 17 June 2009 12:25pm
The world's ninth largest sovereign wealth fund, the $240 billion China Investment Corporation, is embarking on a recruitment spree to boost its investment teams.
A statement released yesterday on the CIC website noted that they were seeking "qualified professionals worldwide".
Job opportunities are offered in over 33 categories by 13 departments, the statement said.
Some of these departments include asset allocation and strategic research, risk management, legal and compliance, private and public market investments.
There are also positions available in the finance, IT, tactical investments and human resources departments.
A news report by Asia Asset Management noted that CIC is looking to fill 29 positions.
These opportunities were also posted in the Financial Times and Wall Street Journal.
CIC was established on September 29th 2007 with the issuance of special bonds worth RMB 1.55 trillion by China's Ministry of Finance.
These were, in turn, used to acquire approximately US$200 billion of China's foreign exchange reserves and formed the foundation of its registered capital.
The fund is wholly state-owned under the Company Law of the People's Republic of China and headquartered in Beijing.
Ruth Liew
