….. as 14-member international advisory board named

The CIC has named a 14-member International Advisory Council, which will advise the board and senior management on issues including portfolio development, strategy, and overseas investments.

Made up of academics and former central bankers from Asia, the Americas and Europe, it is also tasked with advising on issues relating to corporate governance, investment and risk management strategies, policies and processes, regulatory policy issues, global economics and financial development and other issues impacting CIC’s business.

There are three European members of the advisory board including Nicholas Stern from the London School of
Economics; Jean Lemierre, an advisor to the chairman of BNP Paribas; and president of RiskMetrics Group and former chief executive of Norges Bank Investment Management, Knut Kjaer.

In the Americas, former Canadian minister of foreign affairs, David Emerson, joins former president of the Central Bank of Brazil, Arminio Fraga and Merit Janow, professor of international economic law and international affairs at Colombia University.

Within Asia, there are four China advisors, one from Japan and one from Malaysia:

Zeng Peiyan, chairman China Center for International Economic Exchanges; Lawrence Lau, vice chancellor, Chinese University of Hong Kong; Frederick Ma, honorary professor, school of economics and finance at University of Hong Kong; Taizo Nishimuro, chairman of Tokyo Stock Exchange Group; Yingyi Qian, dean, school of ecnomics and management Tsinghua University; and Andrew Sheng, chief advisor to China Banking Regulatory Commission.

Leadership and direction of CIC, set as a wholly state-owned company, is vested by its shareholder, the
State Council of the PRC, in three governing bodies: the board of directors, the board of supervisors and the executive committee.

The executive committee has established the investment committee and risk management committee which also
have policy and decision-making responsibilities.

CIC has 194 staff in its global investment team, with 11 investment staff in the asset allocation and strategic research department, 14 in the public market investments department, nine in the tactical investments, 17 in private markets and 16 in special investments.