Temasek CEO Ho Ching Will Likely Step Down in August, FT Reports

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Ho Ching, chief investment officer of Temasek Holdings Pte, the Singapore state-owned investment company, will likely step down in August, the Financial Times said, citing people familiar with the matter.

Ho’s departure is expected a month after Temasek releases its annual review for the year ended March, when it’s expected to post investment gains, the newspaper said today. That would allow Ho to leave on a “high note” after eight years, it reported. Jeffrey Fang, a spokesman for Temasek, declined to comment on the report.