Patrick Yeo promoted to chief investment officer of Fullerton

Yeo, head of fixed income and an 11-year veteran at the Temasek-backed fund manager, replaces Manraj Sekhon, who stepped down this month.

Patrick Yeo, head of fixed income at Singapore-based asset manager Fullerton Fund Management, a unit of the island nation’s state-owned investment firm Temasek, has been promoted to chief investment officer.

Manraj Sekhon, former chief executive and chief investment officer of Fullerton, stepped down this month after more than five years at the helm. Ho Tian Yee, chairman of Fullerton, is interim CEO.

In his new role Yeo’s title will be chief investment officer and head of fixed income, as he will be responsible for the investment direction and strategy of all asset classes and portfolios at Fullerton while continuing to manage the fund’s portfolios in Asian hard currency bonds, Asian local currency bonds and Singapore dollar bonds.

Yeo has more than 26 years of experience investing in fixed income products, and has expertise in currency management and interest rate trading.

Before joining Fullerton in 2005 Yeo worked at Malaysian investment holding company Usaha Tegas, fund managers OCBC Asset Management and Rothschild Asset Management, financial services group Hongkong and Shanghai Banking Corporation, and Singapore’s sovereign wealth fund, Government of Singapore Investment Corporation.

An accredited chartered financial analyst since 1993, Yeo graduated from the Victoria University of Wellington with a first class honours degree in commerce and administration (economics) in 1989.

Ho Tian Yee, interim CEO, said: “As we position Fullerton for growth, [Yeo]’s appointment as Fullerton’s [chief investment officer] will further strengthen our leadership capabilities. This appointment reflects the maturing of Fullerton’s investment talent and adds depth to our existing management team.”

Yeo said of his new role: “My focus will be on strengthening our investment processes, and to ensure we remain well placed to create value for our clients over the long term.”

 - Image of Patrick Yeo courtesy of Fullerton

See more from this Government Report: Singapore


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