Temasek president quits | Bangkok Post: breakingnews

One of two sitting presidents at Singapore's Temasek Holdings has stepped down for personal reasons, a spokesman for the state-linked investment firm said Wednesday.

"Mr Hsieh Fu Hua has decided to step down from his executive role as president to make room for personal priorities," Temasek spokesman Jeffrey Fang said in a statement.However, Hsieh "will continue with his non-executive responsibility as a Temasek Board member," he said.Hsieh was one of three presidents appointed last year to support the leadership team.One of the presidents, Simon Israel, retired in July.Hsieh's stepping down leaves Temasek currently with one sitting president, former Bank of America executive Gregory Curl, who joined the Singapore firm in September last year.Analysts said Hsieh's decision to quit as well as other recent management changes were part of Temasek's efforts to find a successor for chief executive Ho Ching and strengthen the leadership during global economic...