SINGAPORE Feb 7 Fullerton Fund Management, a
fully owned unit of Singapore state investor Temasek ,
said on Monday its acting CEO has resigned, a move that comes
less than four months after previous CEO Gerard Lee quit to join
rival Lion Global.
Hsieh Fu Hua, a member of Fullerton's board of directors and
executive director and president at Temasek Holdings, will work
closely with Fullerton's chief investment officer and chief
operating officer to guide the firm until a new CEO is
appointed, a Fullerton spokeswoman said.
Hsieh was a former CEO of Singapore Exchange .
Choy Peng Wah, Fullerton's deputy CEO and acting CEO, will
leave the firm to join Harvest Global Investments in Hong Kong
as vice chairman and CEO, the AsianInvestor reported on its
Fullerton, Temasek's former in-house fund management
division, announced former CEO Lee's departure on Oct. 20 last
Lee has since joined Lion Global, the asset management arm
of insurer Great Eastern which is majority owned by
Singapore's second largest lender Oversea-Chinese Banking Corp
(Reporting by Kevin Lim; Editing by Dhara Ranasinghe)