Ho Ching News
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Temasek Holdings Pte said Chia Song Hwee replaces Tan Chong Lee as head of the investment unit as the Singapore state-owned asset manager reshuffles senior management positions.
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When Carson Block likened Olam International Ltd. to fraud-ridden Enron Corp., he challenged more than the accounting of the Singapore-based commodities firm. He also took on Temasek Holdings Pte, the government-owned investment company whose money has helped build the city-state into a corporate dynamo known as Singapore Inc.
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Ho Ching , chief investment officer of Temasek Holdings Pte , the Singapore state-owned investment company, will likely step down in August, the Financial Times said, citing people familiar with the matter.
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Temasek Holdings Pte, Singapore’s state-owned investment company, said the value of its assets climbed 3.8 percent to a record last fiscal year and profit more than doubled on increased contributions from its holdings.
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Temasek Holdings Pte , Singapore’s state-owned investment company, said Executive Director and President Simon Israel will retire from his executive and board roles effective July 1.
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Temasek Holdings Pte said Gregory Curl , once a candidate for chief executive officer of Bank of America Corp., will join the Singapore state-owned investment company as president.
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Temasek Holdings Pte’s sale of Chinese bank shares probably helped Singapore’s state-owned investment company weather losses from the European debt crisis in the past year.
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Temasek Holdings Pte , Singapore’s state-owned investment company, named former Singapore Exchange Ltd . Chief Executive Officer Hsieh Fu Hua an executive director and president, making him one of the group’s top three managers.
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Temasek Holdings Pte is set to post a record jump in the value of its assets as markets rebounded and the Singapore state investment firm increased bets in Asia.
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Indian Transport Minister Kamal Nath said he met with Temasek Holdings Pte to discuss the “idea” of setting up a fund to invest in roads, ports and airports as the country seeks to improve infrastructure.
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