People Moves
Fullerton CEO Steps Down
Fullerton Fund Management chief executive
Gerard Lee has resigned, Reuters reports.
"While we are saddened to lose Gerard... we will continue to
build on this strong foundation,"
Victor Liew, chairman of the company, was quoted as having
said.
Lee is reportedly moving to Lion Global Investors, but the
Singapore firm had declined to comment on the matter. Its
previous CEO,
Daniel Chan, had left in July this year. Lion is a subsidiary
of Oversea-Chinese Banking Corp and boasts of around S$29.4
billion ($22.41 billion) in total assets under management.
Lee's former role will be occupied by deputy CEO Choy Peng Wah in
the interim.
