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<TABLE class=msgtablealt cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead vAlign=top><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>teh_si <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>5:23 am </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (2 of 4) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>28463.2 in reply to 28463.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>New CEO a key dealmaker
HELPING to seal deals all around the region, Mr Charles Ong (above) has always been a key rainmaker for Temasek Holdings.
Among the many transactions he was involved in was Temasek's purchase of a 5 per cent stake in the Bank of China in early 2006.
More recently, he was involved in its US$600 million (S$840 million) investment to raise its stake in China Construction Bank (CCB) during Bank of America's sale of CCB shares last year, sources said.
But some also associate the 42-year-old dealmaker with some of Temasek's more controversial investments, such as the acquisition of Thai company Shin Corp.
As Temasek's then chief investment officer, he was said to have had a hand in the decision-making process that led to the US$3.8 billion takeover of Shin Corp in 2006. Temasek pulled together a consortium of Thai investors to buy a 50 per cent stake in the telco from the family of former Thai premier Thaksin Shinawatra.
The transaction eventually led to a mandatory general offer, which saw Temasek and its partners emerge with 96 per cent of Shin Corp. The deal drew widespread protests in Thailand over strategic telecommunications assets being placed in foreign hands.
Later that year, senior managing director Jimmy Phoon took over from Mr Ong as chief investment officer, while the latter assumed the newly created role of chief strategist.
Temasek said the senior management moves were unrelated to the Shin Corp deal, but were 'part of regular and ongoing corporate development efforts'.
Mr Ong joined Temasek as managing director for strategic development in 2002, following a period with Lazard Freres investment bank in New York and after holding top regional positions at Deutsche Bank.
His elder brother Richard, 45, is the chief executive of China-based private equity fund Hopu. Both Goldman Sachs and Temasek had invested in the fund.
Sources say that Mr Ong's secondment to Seatown Holdings as chief executive could see him relinquish his role as chief strategist at Temasek.
GABRIEL CHEN
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HELPING to seal deals all around the region, Mr Charles Ong (above) has always been a key rainmaker for Temasek Holdings.
Among the many transactions he was involved in was Temasek's purchase of a 5 per cent stake in the Bank of China in early 2006.
More recently, he was involved in its US$600 million (S$840 million) investment to raise its stake in China Construction Bank (CCB) during Bank of America's sale of CCB shares last year, sources said.
But some also associate the 42-year-old dealmaker with some of Temasek's more controversial investments, such as the acquisition of Thai company Shin Corp.
As Temasek's then chief investment officer, he was said to have had a hand in the decision-making process that led to the US$3.8 billion takeover of Shin Corp in 2006. Temasek pulled together a consortium of Thai investors to buy a 50 per cent stake in the telco from the family of former Thai premier Thaksin Shinawatra.
The transaction eventually led to a mandatory general offer, which saw Temasek and its partners emerge with 96 per cent of Shin Corp. The deal drew widespread protests in Thailand over strategic telecommunications assets being placed in foreign hands.
Later that year, senior managing director Jimmy Phoon took over from Mr Ong as chief investment officer, while the latter assumed the newly created role of chief strategist.
Temasek said the senior management moves were unrelated to the Shin Corp deal, but were 'part of regular and ongoing corporate development efforts'.
Mr Ong joined Temasek as managing director for strategic development in 2002, following a period with Lazard Freres investment bank in New York and after holding top regional positions at Deutsche Bank.
His elder brother Richard, 45, is the chief executive of China-based private equity fund Hopu. Both Goldman Sachs and Temasek had invested in the fund.
Sources say that Mr Ong's secondment to Seatown Holdings as chief executive could see him relinquish his role as chief strategist at Temasek.
GABRIEL CHEN
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