Temasek related stories
All articles and analysis
Temasek cuts losses in Bank of AmericaTemasek Holdings has divested its stake in Bank of America, as it seeks to reduce its exposure to OECD economies.
- Report: Hopu, Temasek buy into CCB in $7.3bn deal
A reported 6% stake sale by Bank of America in China Construction Bank has allowed Temasek to increase its 5.6% stake. For Hopu, it marks its second investment in a Chinese bank this year.
- Englefield shuts down India office
The mid-market firm will close its Mumbai office and make redundant its three-person Indian investment team, including former Temasek executive Dinesh Vaswani.
- Pine Brook Road closes $1.4bn debut fund
The New York-based firm has said it will not use financial leverage to bolster returns. It has already done nine deals.
- Ex-GIC executive joins Vertex
Tay Choon Chong has left GIC to join Vertex, a wholly-owned subsidiary of Singapore's other sovereign wealth fund Temasek.
- Temasek opens second Indian office
The Singapore sovereign wealth fund has established an office in the southern city of Chennai to expand its investment operations in India.
- Ho Ching to leave Temasek
The wife of Singapore’s prime minister will in October cease leading Temasek, which has come under fire for financial services over-exposure. The sovereign fund and avid private equity player will be led by ex-BHP Billiton chief executive Chip Goodyear, a succession that has been planned for 'more than a year'.
- Goldman loses Asia special situations co-head
Kevin Zhang will end his 15 year-career with the bank, reportedly to join a China-focused private equity fund.
- Report: Hopu fund makes second investment
The fund has reportedly led a consortium to buy $700m worth of Bank of China shares and picked up a $400m stake for itself.
- Temasek sells PowerSeraya for S$3.8bn
The sale of the power company comes a week after Temasek said it had scrapped the auction, citing unfavourable market conditions. It has now sold all three of its power companies in 2008 for a sum of S$11.7bn.