The Korean sovereign wealth fund has named a former World Bank executive as its new CEO, following a long and extensive search.
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The $2.35 billion investment deal is part of an equity recapitalisation via a vehicle led by StonePeak, along with direct investments from Investment Management Corporation of Ontario and APG Asset Management.
Seven countries – including Australia – may now back the Asian Development Bank's IF-CAP programme, amid optimism around the climate investment it will mean for Asia.
Long-serving Kim Suyi, who built the Canadian pension giant’s Asia business from scratch, is leaving after 17 years.
