Early career Ong started his finance career at
Chase Manhattan Bank, where he worked for three years as a mergers banker; he also spent a year at
Prudential Bache International.
Goldman Sachs Ong joined
Goldman Sachs in 1993 and became a partner of the firm seven years later. led him to fail a language ability examination required to take up his new position. A
China Economic Review editorial speculated that the language proficiency issue was merely a pretext, and that the true reason that CSRC denied Goldman permission to name Ong to his new position was due to his
family ties to Singaporean
sovereign wealth fund Temasek Holdings and his own role in the money-losing sale of former Thai prime minister
Thaksin Shinawatra's
Shin Corporation to Temasek.
Hopu Investment Management In January 2008, Ong resigned from his position at GS, ending a fifteen-year tenure there; his departure was seen as a major blow to the firm. He stated that he planned to return to Malaysia to spend time with his family and work in his family business. In 2010 the fund began winding down when it announced that Hopu Investment Management would not be raising a second fund.
RRJ Capital RRJ Capital, a
private equity firm based in
Hong Kong and
Singapore, was founded in March 2011 by Ong. ==Personal life==