Temasek appoints two presidents, including former BoA exec Gregory Curl
Singapore’s sovereign wealth fund Temasek Holdings has appointed two new presidents to strengthen its cache of top management, hiring Bank of America’s Chief Risk Officer Gregory Curl to one of the roles and promoting Executive Director Simon Israel to fill the second.
Curl is to manage Temasek's financial services investments and reinforce the SWF's businesses in the Americas. According to reports, his management scope accounts for 37% of Temasek's $134 billion portfolio as of March - a sizable role for the man who was once a top contender to take over the position of Bank of America's former CEO Ken Lewis. Meanwhile, Israel, who has been with the firm for five years after a decade-long tenure at French food group Danone, was promoted from his role as head of Singapore, Australia and New Zealand.
The appointments, which both take affect September 1, follows the former Singapore Exchange CEO Hsieh Fu Hua's May appointment as President. Hua, who joined Temasek in February as special advisor to its incumbent CEO Ho Ching, manages the firm's talent development and succession planning.
In addition to their roles as presidents, Israel and Hsieh also hold the positions of executive directors at Temasek.
More on People
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.