Singapore state investor Temasek (TEM.UL) has hired Png Chin Yee, co-head of UBS’s (UBSN.VX) Asia financial institutions group, as managing director investment for its financial services portfolio, sources said on Monday.
Png will start her new job on July 18, sources with knowledge of the move told Reuters.
Png will start her new job on July 18, sources with knowledge of the move told Reuters.
The hiring is a signal that the state investor is keen to boost the team under Greg Curl, who was once seen as a CEO candidate for Bank of America (BAC.N). Curl was hired in August last year as president to oversee the Singapore fund’s financial services portfolio.
Three months ago Andrew Leo, a director at Credit Suisse (CGSN.VX), joined the state investor as director as part of the team taking care of financial services, sources said.
Temasek and UBS declined to comment.
Financial services accounted for 36% of its US$158 billion portfolio, including stakes in Standard Chartered (STAN.L), DBS (DBSM.SI) and China Construction Bank (0939.HK).
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