So what now for Temasek? Chip Goodyear’s curious decision to step down from the chief executive role several months before he was even due to begin it raises a number of questions about the direction of Singapore’s state investment arm.
An assessment of the impact depends on what you think Goodyear was appointed for in the first place. If it was to bring resources nouse and a change of asset allocation to the sovereign fund, that’s actually been under way all year anyway. Temasek has been selling down its western bank exposures, albeit getting out of Bank of America (in which...
