13-03-2025
CIC Veteran Retires After Building $100 Billion Trading Desk
Daniel Ding, who helped build China Investment Corp. into a $100 billion-a-year trading giant in global markets, has stepped down from the Chinese sovereign wealth fund after 14 years, according to people familiar with the matter.
Ding, who led the $1.3 trillion fund's trading room for 12 years before taking over as managing director in charge of dynamic asset allocation in 2022, retired recently, the people said, asking not to be identified discussing an internal matter. The fund has yet to appoint a replacement, they said.
