Singapore government investment fund Temasek Holdings has confirmed the existence of Seatown Holdings, a wholly owned investment subsidiary.
Charles Ong has been appointed its CEO. There is already a core staff seconded from Temasek and Seatown intends to build this from external hires, says a Temasek spokesperson.
Ong is senior managing director at Temasek and its chief strategist. He joined in 2002 and has worked as an investment banker at Lazard Freres in New York and Deutsche Bank in Singapore.
Ong was once Temasek's CIO, but in 2006 was moved to a newly ...