Morning business news round-up for April 22, 2014

SINGAPORE - Catch up on the morning's top business headlines in Singapore with The Straits Times Money Desk's daily update.

1. The Institute of Singapore Chartered Accountants (ISCA) has elected Mr Gerard Ee as president with effect from last Saturday. He replaces Dr Ernest Kan, who is stepping down in line with the ISCA's policy of regularly refreshing the leadership team.

2. The Sino-Singapore Guangzhou Knowledge City Investment and Development Co has set up its first overseas representative office in Singapore. It will focus on enhancing relationships with collaboration partners, promoting investments into the Knowledge City, conducting research on relevant industries, exploring opportunities for collaboration, and coordinating event organisation and official visits.

3. Japan overhauled the world's biggest public pension fund on Tuesday. The government announced a reshuffle of the Investment Committee of the US$1.26 trillion (S$1.57 trillion) Government Pension Investment Fund (GPIF), in line with Abe's drive to have the fund make riskier investments and rely less on low-yielding government bonds.