May 20, 2020

Facebook names new managing director and vice-president of operations in India

Ajit Mohan
Managing Director
2 min
Facebook names new managing director and vice-president of operations in India
Facebook has named Ajit Mohan as managing director and vice-president of its Indian operations
Mr Mohan, leaving Star India-owned Hotstar to join the social media behemoth, will drive Facebook’s expansion strategy on the subcontinent according to Business Today.
The appointment has been long-awaited, with the previous holder of the managing director position, Umang Bedi, having left Facebook in 2017.
“India is one of the largest and most strategically important countries for Facebook”, said David Fischer, vice-president of Business and Marketing Partnerships at Facebook.
“Ajit’s depth of experience will help us to continue to have a positive impact in India across communities, organizations, businesses and with policy makers”.
Mr Mohan launched Hotstar with Star India in 2015, an Indian digital and mobile entertainment platform, which expanded to the US and Canada with its premium service in 2017.
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Facebook recently released Facebook Watch, a video streaming service with a focus on social engagement, and Mr Mohan’s experience with Hotstar will certainly be of use to the platform’s penetration in India.
Fortune India noted that Mr Mohan’s responsibilities will be isolated to Facebook, and he “will not be heading Facebook-owned photo sharing app Instagram and messaging platform WhatsApp”.
“I am delighted to take on the mantle of shaping Facebook’s charter in India”, said Mr Mohan, quoted by Fortune India.
“I look forward to championing India in Facebook [sic] and working with stakeholders across the spectrum to help build deep and meaningful communities across the country”.

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Jun 7, 2021

Business Chief Legend: Ho Ching, CEO of Temasek

3 min
Singaporean Ho Ching created the largest listed defence engineering company in Asia, before leading Singapore’s sovereign wealth fund to global success

Ask Singaporeans who Ho Ching is, and the majority will answer the ‘wife of Prime Minister Lee Hsien Loong’. And that’s certainly true. However, she’s also the CEO of Temasek Holdings, Singapore’s sovereign wealth fund, and one of the world’s largest investment companies.

Well, she is until October 1, 2021, as she recently announced she would be retiring following 16 years as CEO of the investment giant.

Since taking the reins in 2004, two years after joining Temasek as Executive Director, Ho has gradually transformed what was an investment firm wholly owned by Singapore’s Government into an active investor worldwide, splashing out on sectors like life sciences and tech, expanding its physical footprint with 11 offices worldwide (from London to Mumbai to San Francisco) and delivering growth of US$120 billion between 2010-2020.

Described by Temasek chairman Lim Boon Heng as having taken “bold steps to open new pathways in finding the character of the organisations”, Ho is credited with building Temasek’s international portfolio, with China recently surpassing Singapore for the first time.

As global a footprint as Ho may have however, she has her feet firmly planted on Singapore soil and is committed to this tiny city-state where she was not only educated (excluding a year at Stanford) but has remained throughout her long and illustrious career – first as an engineer at the Ministry of Defence in 1976, where she met her husband, and most notably as CEO of Singapore Technologies, where she spent a decade, and where she is credited with repositioning and growing the group into the largest listed defence engineering company in Asia.

It’s little wonder Ho has featured on Forbes’ annual World’s Most Powerful Women list for the past 16 years, in 2007 as the third most powerful woman in business outside the US, and in 2020 at #30 worldwide.

But it’s not all business. Ho has a strong track record in Singapore public service, serving as chairman of the Singapore Institute of Standards and Industrial Research and as deputy chairman of the Economic Development Board; and is a committed philanthropist with a focus on learning difficulties and healthcare.

As the pandemic kicked off, she not only led active investments in technology and life sciences, with German COVID-19 vaccine developer BioNTech among the most recent additions to Temasek’s portfolio, but through the Temasek Foundation – the firm’s philanthropic arm which supports vulnerable groups close to Ho’s heart, handed out hand sanitiser and face masks.

So, you would be forgiven for thinking that at age 68, Ho might simply relax. But in March 2021, just as she announced her retirement from Temasek, Ho joined the Board of Directors of Wellcome Leap, a US-based non-profit organisation that’s dedicated to accelerating innovations in global health. Not ready to put her firmly grounded feet up yet it seems.


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