Former Temasek chairman makes switch to GIC board

Temasek's head of Europe has also quit the fund

temasek-holdings

The former chairman of Singaporean sovereign wealth fund Temasek has stepped down from his post as honorary adviser there to join the board of the city state's other major sovereign investor, GIC.

S Dhanabalan retired as chairman of Temasek at the end of July 2013, but agreed to take on a role as adviser for an initial period of one year, starting in August 2013. He has decided not to extend the agreement, instead now taking up a role as director on the board of GIC.

GIC, or the Government of

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