Temasek draws in Vaske
Posted on 13 October, 2016 by Thierry Heles, editor
John Vaske will head Temasek's North American operations from January, following his decision to leave Goldman Sachs after a 28-year career.
Temasek, the sovereing wealth fund of Singapore, has signed up John Vaske has its new head of North America from January 2017, according to the Wall Street Journal.
Vaske, one of three co-chairmen responsible for M&A at investment bank Goldman Sachs, was revealed last week to be leaving the firm following a 28-year career. He first joined Goldman Sachs' M&A division in 1988 as an analyst, before becoming a chemicals banker and later head of the natural resources group in 2007.
Temasek, which has $242bn under management and largely focuses on technology and financial services companies, has been increasing its footprint outside Southeast Asia with North America and Europe now making up for 27% of its investments – up from 11% in 2013.
The firm opened an office in New York in 2014 and plans on adding a San Francisco office in the near future, nearly doubling its staff in the US from 30 to 50.
Vaske's appointment comes after Boon Sim, Temasek's previous president responsible for the Americas, left in May. He had joined Temasek in 2012.
See more from this Government Report: Singapore
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