CIC shuffle sparks CIO succession uncertainty
Li Keping, vice-chairman and CIO at China Investment Corporation, will reportedly be replaced in the former role, but that leaves questions over a succession plan for the CIO post.
China Investment Corporation, the Beijing-based $747 billion sovereign wealth fund, has reportedly appointed Tu Guangshao as vice chairman, replacing Li Keping, who will retire.
However, Li also held the post of chief investment officer, and it is unclear who will take on that role, raising the question of succession of one of CIC's most senior executives, said a Hong Kong-based fund salesman.
The appointment of Tu, previously Shanghai’s executive vice mayor, was announced inter…
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