Dr. Wu Yibing succeeds Ding Wei as head for China at Temasek
16 September 2013
Category: News, Asia, China, Singapore
By Asia Asset Management
Singapore-based investment firm Temasek Holdings has announced the appointment of Dr. Wu Yibing as head for China, with effect from October 1, 2013. He will succeed Ding Wei who will take on the appointment of advisory senior director for China with the company, also with effect from October 1.
Dr. Wu will work together with Chia Song Hwee, Temasek’s co-head for China, to build on the firm’s presence in China as a long term, active investor in successful enterprises.
Dr. Wu is currently the chairman and CEO of Goldstone Investment Co Ltd, the direct investment arm of China’s CITIC Securities, and concurrently the president of CITIC Private Equity Funds Management. He has a wide range of investment experience and expertise in the financial, energy, consumer and technology sectors.
Mr. Ding, who has requested to work in an advisory capacity so that he has the flexibility to pursue his other interests, will continue to help further strengthen Temasek’s network and relationships in China and offer perspectives on the country’s macro environment.
Temasek has 11 affiliates and offices in Asia and Latin America. The firm owns a S$215 billion (US$169.33 billion) portfolio as at March 31, 2013, with 71% of its underlying assets in Asia (including Singapore), and 25% in the mature economies of North America, Europe, Australia and New Zealand.