Temasek's Fullerton appoints Jenny Sofian as CEO

Jenny Sofian joins Fullerton from Amundi Singapore, where she had been CEO and head of South Asia since November 2009. PHOTO: FULLERTON FUND MANAGEMENT

SINGAPORE - Fullerton Fund Management, the asset manager owned by Temasek Holdings, announced on Monday (Oct 16) the appointment of Jenny Sofian as chief executive officer with effect from Nov 1.

Ms Sofian joins Fullerton from Amundi Singapore, a privately owned investment manager, where she was CEO and head of South Asia, responsible for their Southeast Asian and Australian operations. She also served as its regional director of Southeast Asia at the group level.

She will take over from Fullerton chairman Ho Tian Yee, who has been interim CEO since the sudden departure of Manraj Sekhon in November last year.

Fullerton said Mr Ho will work closely with Ms Sofian to ensure a seamless transition of responsibilities.

"Jenny's appointment is the culmination of our search for someone who can lead Fullerton's growth ambitions and fulfil our long-term plans," said Mr Ho. "Jenny is a proven leader with an established record of growing businesses and creating value for stakeholders."

As CEO, Ms Sofian will lead the development and implementation of Fullerton's overall business strategy, said the firm. She will also focus on expanding Fullerton's third-party business, to ensure the delivery of distinctive investment solutions, it said.

Fullerton, set up in 2003, is an Asian and emerging market specialist, with investment capabilities that span equities, fixed income, multi-asset and alternatives. It had assets under management of US$17.3 billion (S$23.4 billion) at the end of September.

Ms Sofian joined Amundi in 1996, to manage Asian equity portfolios. Earlier in her career, she worked for the investment management division of a composite insurance company from 1990. She received a Bachelor of Science in Business Administration from San Diego State University.

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