Clara Chan Ka-chai, CEO of the Hong Kong Investment Corporation (HKIC), has joined the board of FCLTGlobal as one of 19 directors, marking the first such appointment for a Chinese sovereign wealth fund. FCLTGlobal CEO Sarah Keohane Williamson praised Chan's experience for strengthening long-term decision-making efforts. Chan expressed humility at the recognition despite HKIC's short history.
FCLTGlobal announced on Wednesday that Clara Chan Ka-chai, CEO of the Hong Kong Investment Corporation (HKIC), has become one of its 19 directors. The non-profit organization brings together leading global firms and investors to promote longer-term decision-making.
The appointment marks the first time a Chinese sovereign wealth fund has secured a board seat at FCLTGlobal, serving as recognition for HKIC despite its brief history. Sarah Keohane Williamson, CEO of FCLTGlobal, said: “Clara brings deep experience and thoughtful leadership that will strengthen our work to promote longer-term decision-making. We are very pleased to welcome her to the board and look forward to the insight she will bring as we advance our mission.”
Chan responded: “I am humbled by the appointment to the board of directors of the FCLTGlobal, which comprises international, reputable and long-term institutional investors. Notwithstanding the relatively short history of the HKIC among our global peers, we are pleased [with] the trust and recognition [they have shown] us and for the ongoing opportunity to contribute views and action plans from Hong Kong to further unlock the collective power of patient capital institutions around the world for [the greater] good.”
FCLTGlobal's members include institutions such as CPP Investments, Norges Bank Investment Management, BlackRock, and Temasek Holdings.