Temasek Holdings on Friday named Chip Goodyear, the former head of mining giant BHP Billiton, as its new chief executive to replace Ho Ching, the wife of Singapore’s prime minister.
The unexpected transition at one of the world’s biggest sovereign wealth funds indicates that Temasek is focusing its future investment strategy on natural resources rather than financial services, where the Singapore state investment company has lost billions of dollars in the past year.
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