Temasek Holdingsnamed Charles Goodyear, the former head of mining group BHP Billiton, as its new chief executive to replace Ho Ching, the wife of Singapore's prime minister, in a surprise transition at the high-profile sovereign wealth fund yesterday.
Mr Goodyear's appointment heralds a possible change of em-phasis for the S$185bn ($124bn) fund towards natural resources rather than financial services, a sector in which Temasek has recently made massive paper losses.
The move highlights the globalisation of Temasek's senior ranks, 40 per cent of whom are nonSingaporean.
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