Temasek Sets Up U.K. Unit to Focus on Investments in Europe
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Temasek Holdings Pte, Singapore’s state-owned investment company, said it has set up a U.K.-based unit that will focus on investments in the region.
John Cryan, president of Europe and co-head of the portfolio and strategy group, was named as one of the two directors of the new unit, Financial News reported earlier today. Stephen Forshaw, a spokesman for the investment company, confirmed in an e-mailed statement that the creation of the “U.K-incorporated entity” will help Cryan’s role.