Japan Government Pension Investment Fund raises pay of chief
Boosting wages may help it hire more money managers from the private sector
Add BT as a preferred sourceTokyo
THE head of the world's largest investor of retirement savings just got a 64 per cent pay rise.
Japan's Government Pension Investment Fund (GPIF) will increase total annual compensation of its president to about 31 million yen (S$348,000), including salary, bonuses and allowances, according to calculations by Shinichiro Mori, a director at the fund's planning section. That compares with 18.9 million yen previously slated for the year ending March 31, Mr Mori said. The pay increase is effective this month, he added.
TRENDING NOW
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
