Temasek Trust to Hire UBS's APAC Sustainable Finance Head
UBS Group AG
The head of sustainable finance for the Asia Pacific at UBS is expected to leave the Swiss bank next year to join Temasek Trust.
According to a report, Desmond Kuek will become the chief executive of Temasek Trust, the philanthropic arm of state investment company Temasek, in January of next year.
He has served notice at UBS, which he joined in February 2019 as the head of APAC sustainable finance. He is also the worldwide head of the Swiss bank's Sustainable Finance Group and the chair of the UBS Optimus Foundation.
In response to his leaving, UBS APAC head Edmund Koh stated that the Swiss bank hoped to collaborate with Kuek and Temasek Trust on future possibilities to achieve sustainable goals.
Before joining UBS, Kuek was the CEO of Singapore's public transit operator, SMRT, where he supervised several failures, including a power outage in 2015, the death of two maintenance workers in a train crash in 2016, and the flooding of railway tunnels in 2017.
Kuek formerly served as the Singapore Armed Forces' head of defence force and as permanent secretary for the environment and water resources. He also serves as a partner in Genium & Co., a consultancy he founded with two former military colleagues to advise on topics such as organisational transformation, strategy execution, and crisis leadership.