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Temasek Appoints Cheng Wai Keung as Deputy Chairman of the Board

Nov. 5 (Bloomberg) -- Temasek Holdings Pte, Singapore’s state-owned investment company, said Cheng Wai Keung has taken over as deputy chairman of its board after the post had been vacant for more than a year.

Cheng, 62, assumed his new role yesterday, Temasek said in an e-mailed statement today. The position had been vacant since end of May 2012 when the then deputy chairman Kwa Chong Seng retired from the board, according to the company.

Cheng has been a non-executive director since September 2011, according to the statement. His current positions include the chairman and managing director of Wing Tai Holdings Ltd., a developer based in the island-state, according to the statement.

Cheng’s appointment comes about three months after former minister Lim Boon Heng took over as chairman of the board.

Temasek, incorporated in 1974, has 11 affiliates and offices in Asia and Latin America, according to the statement. It had S$215 billion ($173 billion) portfolio as at March 31.

To contact the reporter on this story: Klaus Wille in Singapore at kwille@bloomberg.net

To contact the editor responsible for this story: Andreea Papuc at apapuc1@bloomberg.net

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