Temasek Holdings Appoints New China Head

Temasek Holdings, Singapore's sovereign investment company, has appointed Ding Wei, a former senior manager of China International Capital Corporation Limited, to head its operations in China, the company confirmed on Monday.

The appointment will take effect on Feb. 28, Temasek said.

"China is an important market for Temasek. We are all very pleased to have Ding Wei join us as a key member of our leadership team to anchor our long-term presence in China," Ho Ching, chief executive officer of Temasek, said in a statement.

Temasek said Ding has over 23 years of experience in leading financial institutions which included the World Bank, and the International Monetary Fund.

Ding will be supported by Ms Cheo Hock Kuan as co-Head for China.

Temasek said that Gan Chee Yen, its current head for China, will be senior managing director for special projects.

Ding previously was head of the investment banking operations of China International Capital Corporation Limited and led it through a period of rapid expansion. He reportedly resigned at the end of the year 2010.