Temasek-owned Azalea Investment Management has announced an internal promotion to the role of chief executive officer.
Azalea Investment Management has appointed Chue En Yaw as CEO, according to a statement, effective April 1. Chue joined Azalea in 2018 and he is currently the chief investment officer, a role which he will retain moving forward. Chue succeeds Margaret Lui, who will be retiring on March 31 after a 40-year career with the Temasek group.
Azalea Investment Management is the management arm of Azalea Group, which is a wholly owned subsidiary of Azalea Asset Management, a wholly owned subsidiary of Seviora Holdings which is in turn wholly owned by Temasek. The Azalea Group invests in private equity (PE) with a focus on the development and innovation of new investment platforms and products to make PE accessible to a broader group of investors. It currently has $11 billion in assets.
«The board has worked closely with Margaret and the management team on succession planning and after a comprehensive evaluation process, we are pleased to appoint En Yaw as CEO,» commented Jimmy Phoon, chairman of Azalea and CEO of Seviora Holdings.
