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Temasek Holdings announces changes in Senior Appointments

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According to the press release, “Temasek Holdings (Private) Limited (“Temasek”) is pleased to confirm the following changes in its leadership team.  Mr Hsieh Fu Hua has joined Temasek as Executive Director and President with effect from 1 August 2010, and Mr Dilhan Pillay Sandrasegara will join Temasek as Head, Portfolio Management with effect from 1 September 2010.  Currently Executive Director, Mr Simon Israel will assume the role of Executive Director and President, while Mr Gregory Curl will join Temasek as President. Both appointments will take effect from 1 September 2010. Hsieh Fu Hua, Simon Israel and Greg Curl will work in close partnership with Temasek CEO Ho Ching to support the Temasek senior leadership team to build a sustainable institution that creates and delivers long term shareholder value.

Hsieh Fu Hua, 60, oversees Temasek’s institutional and capacity building initiatives, including the company’s platform for leadership and talent development, as well as risk management.

Simon Israel, 57, provides leadership in building and enhancing value creation in Temasek’s Singapore investments, as well as oversees its engagement with Australia and New Zealand markets, in his concurrent role as Head Singapore and Head Australia/New Zealand.

Greg Curl, 62, will oversee Temasek’s interests in financial services, and support its strategic engagement in the Americas. Greg retired from Bank of America in March this year, where he was credited to be “a principal architect of one of the world’s premier financial services franchises”, and brings with him 34 years of banking and international M&A experience.

In addition to his role as Head of Portfolio Management, Dilhan Pillay, 47, will also take on the role of co-Head Singapore to support Simon Israel along with the senior leadership team.

Ms Ho Ching, Executive Director & CEO of Temasek Holdings said, “I have been very privileged to have the opportunity to work with a highly committed and driven team with diverse backgrounds, experience and capabilities. Along with Simon and other members of our senior team, Fu Hua, Greg and Dilhan will add tremendous depth to our bench strength, as we continue to forge a partnership culture with an ownership mindset, and further hone our capabilities as an investment house.””

Read more: Temasek Holdings

Goldman Sachs Buys Weyerhaeuser Spin Off AM Unit from Lindsay Goldberg

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Increasingly, Goldman Sachs is buying up small alternative asset management groups across the United States. Goldman Sachs Asset Management (GSAM) is part of Goldman Sachs Group. GSAM inked a deal to purchase Aptitude Investment Management LP, a hedge fund-of-funds manager, from Lindsay Goldberg & Bessemer II AIV LP, a vehicle managed by Lindsay Goldberg. Aptitude Investment Management oversees around US$ 3.5 billion in discretionary assets. Aptitude Investment Management operates out of Seattle and Vancouver, British Columbia.

Before the creation of an in-house unit at Weyerhauser, Morgan Stanley was the sole investment manager of Weyerhauser’s retirement assets. Salim Shariff, formerly of Morgan Stanley Alternative Investment Partners, and Jeff Klein were hired as CIO and Deputy CIO of Weyerhaeuser Asset Management LLC in 2004. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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GIC Gets Exposure to Exchange Tower through Primewest Vehicle

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Singapore’s GIC Private Limited funded a deal through a fund to acquire the Exchange Tower in Perth. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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SWFI First Read, December 13, 2018

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Turkey Wealth Fund Could Tap Debt Markets in 2019

Turkiye Varlik Fonu or Turkey Wealth Fund could be issuing a large bond in 2019. The loan would most likely be short term in nature with a maturity of two years and be syndicated.

Rahm Emanuel Suggests Bonds to Help Support Chicago Pensions

The outgoing Chicago Mayor Rahm Emanuel revealed a plan on possibly issuing US$ 10 billion in bonds in funding Chicago’s underfunded pension funds. Chicago’s four pension funds have an average funding ratio of 26%. In March 2016, the Illinois Supreme Court ruled an earlier pension reform law effecting employees and laborers’ pension funds that was signed by then Illinois Governor Pat Quinn that the law was unconstitutional.

SoftBank and Alibaba Back PT Tokopedia

PT Tokopedia is an Indonesian generalist e-commerce site. Tokopedia raised US$ 1.1 billion in an investment round led by the SoftBank Vision Fund and Alibaba Group. Softbank Ventures Korea and other investors participated in the round as well. William Tanuwijaya is the CEO and Co-Founder of Tokopedia.

Tikehau Capital and Total SA Form Low Carbon Fund

Tikehau Capital and Total SA created a private equity fund to focus on supporting the energy transition to cleaner sources of energy. The fund held a €350 million first close and raised money from investors such as Bpifrance and Groupama as anchor investors.

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