Diversity, Equity & Inclusion

We recognise the need for greater diversity in investment management firms. We collaborate with like-minded partners to provide equitable opportunities and facilitate inclusive access for under-represented groups within the financial sector.

Our Beliefs

DEI is a business imperative and an expression of our GIC PRIME values. The way we work is founded on Respect for one another, and Merit ensures our people management policies are equitable and fair for all. We build a global and diverse workforce in GIC, appreciating and taking pride in the diversity of experiences and traits that an individual brings to the workplace, to meaningfully enrich perspectives and drive competitive performance. We ensure a fair and equitable workplace for all, and create an inclusive culture to enable our employees to be at their best. An inclusive environment yields exceptional contributions and instils a sense of belonging to one another and GIC.

Our Approach

We translate commitment on DEI into concrete actions by developing initiatives that target each of these three pillars so that they advance holistically within our ecosystem:

Inclusive Workplace

We seek to build an inclusive culture via both top-down and bottom-up initiatives, actively inviting participation and contribution from all, and ensuring the diverse needs of our employees are met. From designing our range of employee benefits with inclusivity in mind, to organising GIC-wide celebratory and learning initiatives for DEI globally, every employee has a part to play in shaping an inclusive environment for high performance.

Equitable Practices

We implement merit-based practices and people management policies that are fair for all, across multiple dimensions such as compensation, performance, conduct, and progression. We are committed to conducting proactive self-checks on our internal processes and outcomes to ensure we are building an equitable workplace for all GICians to be at their best.

Diverse Workforce

At GIC, we harness perspectives from a wide range of global talent. We recognise, respect, and take pride in the multiple diversity dimensions an individual can bring to the workplace – inclusive of gender, ethnicity, nationality, education, industry, and physical abilities.

Lawrence Wong is the Prime Minister and Minister for Finance. He is also the Deputy Chairman of GIC, and chairs its Investment Strategies Committee. Mr Wong was first elected as a Member of Parliament in 2011, and has been re-elected three times. Before becoming Prime Minister, he held Ministerial appointments in the Ministry of Culture, Community and Youth, the Ministry of National Development, and the Ministry of Education, and was also the Chairman of the Monetary Authority of Singapore. He also co-chaired the taskforce which oversaw the Singapore Government’s response to the COVID-19 pandemic. Prior to entering politics, Mr Wong was a civil servant. He started his career as an economist, and held positions across various government ministries, including as Chief Executive of the Energy Market Authority. Mr Wong obtained his Bachelor’s and Master’s degrees in Economics from the University of Wisconsin-Madison and the University of Michigan-Ann Arbor. He also holds a Master’s degree in Public Administration from the Harvard Kennedy School.

Lawrence Wong,
Prime Minister and Minister for Finance

Our Practices

Foster an inclusive environment

Through internal employee surveys and platforms, we maintain open channels for feedback and communication between employees and leaders.
Our Dignity At Work policy outlines clear expectations of conduct to ensure our people feel safe and respected.
Industry DEI events and conferences allow us to reiterate our commitment to DEI and learn best practices from industry partners.

Promote an equitable workplace

As part of our annual talent review and reporting, our Human Resource teams closely monitor and track data to call out anomalies or biases that may be impacting a fair outcome, holding our leaders and teams accountable.
We conduct annual training and refreshers to equip managers with the right resources and mindsets to assess employees fairly and mitigate unconscious bias.
We carry out an annual compensation review to ensure market benchmarks are competitive, and that pay is a fair reward for one’s role and performance.

Harness diversity for performance

GIC is an equal opportunity employer and we value diversity for organisational performance. We do not discriminate based on factors such as ethnicity, religion, nationality, gender, sexual orientation, age, or disability.
Recognising the diverse needs of our people, we regularly review our employee benefits, designed to enable our people to be at their best. We promote wellness and appreciate that our people have important roles outside of work.
We proactively source for a balanced candidate slate and work with industry partners to improve gender representation across our roles, ensuring that our job descriptions reflect inclusive values to attract the best talent for GIC.

Partnerships and Awards

DE&I at GIC

Visit our Careers page for more information on GIC’s DE&I practices, and what it is like to work in GIC.

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Harnessing DEI

In this speech, GIC’s Chief People Officer Deanna Ong explains GIC’s approach towards DEI and how DEI enables us to invest well for Singapore.

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