Yibing Wu joined Temasek in October 2013 as Head of China, also serving as the Joint Head of the Enterprise Development Group, and Joint Head of the Portfolio Strategy and Risk Group. His professional background is a mix of management consultancy, mostly focused on IPOs mergers & acquisitions, and private equity. He received his Ph.D. in Biochemistry and Molecular Biology from Harvard in 1996, and went straight to McKinsey, joining their Beijing office in the same year (1996), and Senior Partner (Director) and Managing Partner of the Asia-Pacific M&A practice in 2004.
During this time, he was working on several Chinese IPOs, including the China Construction Bank and the People’s Insurance Company of China (PICC). In 2005 he was seconded to Legend Holdings and led the acquisition and integration of the IBM PC business, rising to Executive Vice-President and Managing Director of the organisation in 2008. He left in 2009 in order to co-found CITIC Private Equity Funds Management, a China-focused domestic private equity firm with more than US$ 13 billion in total assets under management. Whilst remaining at CITIC, in 2012, Mr Wu joined Goldstone Investment Company as Chairman and CEO for 18 months before moving to Temasek.