MONEY MANAGEMENT

Fullerton CEO/CIO departs Temasek-backed money manager

Manraj Sekhon, CEO and chief investment officer at Fullerton Fund Management Co., the Singapore-based asset manager backed by Temasek Holdings, left the firm.

The decision was announced by the Fullerton board on Tuesday and is with immediate effect, the investment firm said Wednesday in an e-mailed response to Bloomberg queries. Mr. Sekhon had been in his role for more than five years. Fullerton Chairman Ho Tian Yee will assume Mr. Sekhon's responsibilities in the interim, according to the statement.

Mr. Sekhon had been CEO of Fullerton since October 2011, the investment firm's website shows. Before that, he was director and head of international equities at London-based asset manager Henderson Global Investors.

Fullerton, set up in 2003, had assets under management of $11.8 billion at the end of September. The firm, which is 100% owned by Singapore state investment firm Temasek, focuses on Asian and emerging markets, according to its website. Its clients include government agencies, pension plans, insurance companies, endowments and sovereign wealth funds.