Australia’s QIC has appointed Geoff Raby as the institutional investor looks to enter the Chinese sovereign wealth market, Financial Standard reports. Raby will be based in Beijing. Raby was the Australian ambassador to China for almost five years until his retirement from the Department of Foreign Affairs and Trade earlier this month. QIC, which currently runs around $500 million of Asian mandates, is eyeing opportunities across Asia, particularly in China, Hong Kong and Korea.
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