Temasek hires Citic’s Wu Yibing as head of China

Wu, who also has a background with Lenovo and Legend, is replacing Ding Wei, who will take on an advisory role focused on the Singapore investment company’s activities in China.
As of the end of March this year, China accounted for 23% of Temasek’s total investment portfolio, which is second only to Singapore with 30%.
As of the end of March this year, China accounted for 23% of Temasek’s total investment portfolio, which is second only to Singapore with 30%.

Temasek has hired Wu Yibing from China’s Citic Group as a senior managing director and its new head of China a key role within the firm as China represents the second largest country exposure in its portfolio after Singapore.

The Singapore government-owned investment company said in a release that Wu will replace Ding Wei, who will take on a new role as advisory senior director for China. Ding, who has been head for China since he joined Temasek at the beginning of 2011, has requested to work in an advisory capacity to give him the flexibility to pursue other interests as well, it said.

Wu will...

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