(SINGAPORE) More high- level changes are afoot at Temasek Holdings: its managing director of corporate affairs, Myrna Thomas, has signalled her intention to leave the Singapore investment firm, after more than four years on the job.
BT understands that while Ms Thomas has told the firm she intends to leave, Temasek has asked her to stay on until Dec 31. It is believed that, until then, Ms Thomas will continue to be involved in Temasek's activities, albeit not managing her team on a day-to-day business, and will continue to speak on behalf of the firm where necessary.
Sources also said that it is not clear if Temasek will hire a successor at this point. Ms Thomas joined the sovereign wealth fund in April 2006 when the firm created a top-level public relations position - a move seen by observers as Temasek's effort to boost its public image after it had come under criticism for its overseas acquisitions.
She is credited with winning international communications awards for Temasek including the US International Business Awards and the UK-based International Public Relations Association awards.
Ms Thomas previously held regional and global communications positions with oil giant Chevron Corp and its subsidiaries, and was South-east Asian head of public relations agency Hill & Knowlton.
When contacted about Ms Thomas's impending departure, a Temasek spokesman would only say: 'Myrna's decision to leave Temasek is part of the normal executive movements within the company.'
And, indeed, Ms Thomas's imminent departure is just the latest in a series of high-profile changes at Temasek, which had $186 billion in its portfolio as at March 31.
Just last week, the investment firm announced that it had hired Gregory Curl, an ex-chief risk officer at the Bank of America, to oversee its interests in financial services and strategic engagements in the Americas.
Mr Curl, who will join Temasek in September as a president, will work 'in close partnership with Temasek CEO Ho Ching' - along with recently appointed fellow presidents Hsieh Fu Hua and Simon Israel.
Mr Hsieh, who joined Temasek as a director in February, was appointed executive director and president this month. Mr Israel, currently executive director, will assume the role of executive director and president next month. He also holds the concurrent role of head (Singapore) and head (Australia/New Zealand).
Meanwhile, Dilhan Pillay Sandrasegara, managing partner of WongPartnership, will join Temasek as head of portfolio management next month and take on a second role as co-head of Singapore.
Temasek's senior managing director Michael Dee stepped down from his post on April 30, but retains an advisory role until the end of the year.