Fixed Income Currency Commodity

"At the most basic level, investing is an individualised craft. Success in it depends to a large extent on the talent and passion of individuals. But individual efforts are insufficient for the scale and complexity of our operation. To do our job, we need to organise the talents into a 'manufacturing process' that is predictable, scaleable and efficient. Managing the tension between craftmanship and manufacturing process is a key challenge of our work."
- Mr Lim Chow Kiat, Director, Fixed Income Currency Commodity

The Fixed Income Currency Commodity (FICC) Department manages GIC's global bond, currency, cash and commodities exposure and performs important corporate treasury functions which include currency and commodities rebalancing, liquidity and cash flow management.

With an investment process that emphasises decentralised risk taking, robust risk management and specialisation, FICC engages in active management to generate consistent excess return over market benchmarks. Its universe is global and spans multiple sectors including G10 interest rates, credit, emerging markets and convertible bonds, and also a broad mix of currencies and commodities that include energy, agriculture, industrial and precious metals.

On liquidity management, the team monitors the cash flow profile of the company closely to ensure that all funding requirements are met. We aim to enhance the yield derived from investing the excess liquidity held in GIC, while maintaining a conservative approach to investment to ensure we can provide liquidity to the company should the need arise.

FICC has operations in three centres - Singapore, London and
New York.