February 7, 2011 / 1:59 AM / 8 years ago

Temasek's Hsieh to oversee Fullerton Fund after acting CEO quits

SINGAPORE, Feb 7 (Reuters) - 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 website.

Fullerton, Temasek’s former in-house fund management division, announced former CEO Lee’s departure on Oct. 20 last year.

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)

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