Temasek hires Goldman exec John Vaske to ramp up North America business

Temasek's share of North America investments rose to 10 percent of its portfolio as of March

Temasek hires Goldman executive to ramp up North America business
A woman passes a logo of state investor Temasek Holdings at their office in Singapore July 8, 2014. REUTERS/

John Vaske from Goldman Sachs Group is joining Temasek Holdings even as Singapore's state-owned investment firm is looking for expansion into the United States and Canada.

Temasek said Vaske, who was co-chairman of global mergers and acquisitions at Goldman, will join its North American team as joint head.

The Singapore sovereign wealth fund has been ramping up its investments in the US and Canada in recent months. It said July it was planning to open an office in San Francisco. Temasek already has an office in New York.

Temasek's share of North America investments rose to 10 percent of its portfolio as of March, according to Bloomberg.

John joined Goldman in 1988 as an Analyst with the M&A team in New York and has since spent his entire career with Goldman, Temasek said in a statement.

He relocated and worked in Tokyo from 1989 to 1991 before returning to New York in 1991 and remained with the M&A team till 1997.

In 1997, John was asked to head the Chemicals Group, which later merged into the Natural Resources Group. He relocated to London in 2005 to head the European Natural Resources Group. In March 2010, he returned to New York as Co-Chairman of Natural Resources Group and was promoted to his current role as Co-Chairman of Global M&A in 2015.

"John will add depth to Temasek's bench strength, bringing with him considerable experience in global M&A transactions as well as a deep understanding of the North America market," the statement added.

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