Tan must have done something politically incorrect.
[h=1]Temasek Says Chia to Take Over From Tan as Head of Investment[/h]<cite class="byline"> By Klaus Wille - Jan 31, 2013</cite>
Temasek Holdings Pte said Chia Song Hwee will replace Tan Chong Lee as head of the investment unit as the Singapore state-owned investment company reshuffles senior management positions.
Chia will become head of the investment group in a change of title, while Tan, who was chief investment officer, will assume the role of head of portfolio and strategy group as well as head of portfolio management and head of strategy, according to changes on Temasek’s website.
The appointments take effect more than three years after the city-state’s asset manager parted ways with former BHP Billiton Ltd. head Charles “Chip” Goodyear, who was going to replace Ho Ching as CEO, because of differences. Temasek’s assets rose 2.6 percent to a record S$198 billion ($160 billion) in the fiscal year to March 31, 2012.
“The organization changes are part and parcel of Temasek’s continuing efforts to reshape the institution and rotate its staff through various responsibilities to further expand and deepen its capacity and capabilities, and build Temasek for the future,” Stephen Forshaw, managing director of corporate affairs said in an e-mailed statement.
Temasek also appointed Ravi Lambah as senior managing director of investment and co-head of the India and Southeast Asia units, according to today’s statement.
The company employed 30 managing directors and four senior managing directors as of April 1, 2012, according to its latest annual review released in July.
[h=1]Temasek Says Chia to Take Over From Tan as Head of Investment[/h]<cite class="byline"> By Klaus Wille - Jan 31, 2013</cite>
Temasek Holdings Pte said Chia Song Hwee will replace Tan Chong Lee as head of the investment unit as the Singapore state-owned investment company reshuffles senior management positions.
Chia will become head of the investment group in a change of title, while Tan, who was chief investment officer, will assume the role of head of portfolio and strategy group as well as head of portfolio management and head of strategy, according to changes on Temasek’s website.
The appointments take effect more than three years after the city-state’s asset manager parted ways with former BHP Billiton Ltd. head Charles “Chip” Goodyear, who was going to replace Ho Ching as CEO, because of differences. Temasek’s assets rose 2.6 percent to a record S$198 billion ($160 billion) in the fiscal year to March 31, 2012.
“The organization changes are part and parcel of Temasek’s continuing efforts to reshape the institution and rotate its staff through various responsibilities to further expand and deepen its capacity and capabilities, and build Temasek for the future,” Stephen Forshaw, managing director of corporate affairs said in an e-mailed statement.
Temasek also appointed Ravi Lambah as senior managing director of investment and co-head of the India and Southeast Asia units, according to today’s statement.
The company employed 30 managing directors and four senior managing directors as of April 1, 2012, according to its latest annual review released in July.
