Temasek Announces Reorganizations And Senior Appointments

Singapore’s Temasek Holdings has announced an organization structure reorganization, aimed at aligning the firm with its core priorities at a challenging global investment environment, according to an announcement.

It will bring together its sector and market investment teams under a single Investment Group. It is setting up a new Portfolio Strategy and Risk Group to bring an increased focus to portfolio management.

In addition, Temasek will create a new Sustainability & Stewardship Group, to lead its initiatives around the themes of sustainability and stewardship.

"Temasek thinks long term and acts as an owner in all that we do. At a strategic level, the changes we’re making position the organization to protect and work the Temasek portfolio, and continue to build capabilities as we grow," says CEO of Temasek International, Lee Theng Kiat.

"On the institution front, we will use the opportunity to further build agility, alignment, and accountability, as we continue on our journey to being a high-performing global organization," he adds.

Temasek also says it is appointing Chia Song Hwee and Dilhan Pillay as presidents. Fidah Alsagoff, Michael Buchanan, Png Chin Yee and Juliet Teo have been appointed as senior managing directors, all effective on May 1.

"We are operating in challenging times, with many uncertainties in the global economy. It highlights to all of us, at Temasek, the need to focus on protecting and working our portfolio, while continuing to build a stronger institution which positions us to meet these current and future challenges," Lee concludes.

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