Singapore's Temasek appoints Swedish bank SEB chair as board member

SINGAPORE (Thomson Financial) - Singapore state-linked investment company Temasek Holdings (Private) Limited said on Tuesday it has appointed Marcus Wallenberg, chairman of Swedish bank Skandinaviska Enskilda Banken, as a board member effective July 8. Wallenberg, 51 and a Swedish national, also chairs several other companies that belong to the network of the Swedish investment company Investor AB, including aviation and military technology company SAAB AB and consumer appliance manufacturer AB Electrolux. Wallenberg also holds the position of deputy chairman at Swedish telecom giant Ericsson. Temasek said Wallenberg recently served as chairman of the International Chamber of Commerce. Temasek manages an investment portfolio of over $100 billion as of end-March. The funds have mostly been invested in Singapore and the rest of... [read full story]