The Singapore sovereign wealth fund will open offices in London and New York to exploit investment opportunities it sees emerging in the West.
Tag : ho ching
The Singapore sovereign wealth fund posts a 16% drop in net profits, with a large exposure to the financial services sector likely a contributing factor.
The Singapore-based investment firm sees its portfolio decline by 7.5% due to the fallout from the financial crisis which it refers to as the worst crisis since the Great Depression.
During a luncheon speech in Singapore, CEO Ho Ching discusses succession planning and compensation issues as well as Temasek's strategy.
Nomura research on Temasek reckons changes are likely under incoming CEO Charles Goodyear and comments on the firm's returns on its financial sector investments.
Temasek says Ho Ching will stand down as CEO later this year and be replaced by former BHP Billiton boss Charles Goodyear.
Ho Ching also notes that a potential rise of protectionism in the US is a concern for Asia.