Ho Ching, the executive director and chief executive officer of Singapore’s Temasek investment fund, will likely step down in August, according to people familiar with the matter.
If confirmed, her departure would come at a time when the fund, whose sole shareholder is the Singaporean government, has fully recovered from the financial crisis, during which the value of its portfolio fell from S$185bn to S$130bn. A spokesman for Temasek declined to comment.
Temasek is expected to release its annual review for the year ending March 31 in early July. Temasek is expected to post gains on its portfolio of investments, making it possible for Ms Ho to leave on a high note after eight years in charge .
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