Temasek’s Ho Says She’s “Well” Following Sabbatical Announcement

Bloomberg

16 April 2015

Ho Ching, chief executive officer of Temasek Holdings Pte, said in a Facebook post that she’s “well” and there shouldn’t be concerns following an announcement Wednesday that she’s taking a three-month sabbatical leave.

Ho, 62, will continue with her board and “specific stewardship” duties during the period, the state-owned investment company said in a statement on its website. Lee Theng Kiat, one of the three presidents at Temasek, will cover her on all normal course of business.

“Just to let you know not to worry as I’m well,” Ho said in the Facebook post on Wednesday in Singapore. “Now is as good a time as any to spend some time on a couple of long standing things which I have wanted to do,” she said, adding she wants to catch up on sleep.

… “It seems she is exhausted from family bereavement,” said Friedrich Wu, an adjunct associate professor at Nanyang Technological University in Singapore. “It’s a good time to have a break for her as global equities are all on upward trajectories and I don’t expect major market upsetting events until May or June when Greece’s repayment postponement reaches deadline, or when the Fed contemplates raising interest rates.”

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