Temasek undergoes changes

Internal changes at Temasek lead to the restructuring of some groups while the firm makes six appointments, employing two presidents and four senior managing directors.

Temasek, the investment firm owned by the government of Singapore, has made a flurry of appointments that took effect on Sunday.

The appointments include Chia Song Hwee and Dilhan Pillay as presidents and Fidah Alsagoff, Michael Buchanan, Png Chin Yee and Juliet Teo as senior managing directors.

Chia Song Hwee joined Temasek in 2011, having previously worked as chief operating officer at semiconductor foundry GlobalFoundries. Dilhan Pillay joined the firm in 2011 after serving as a managing partner of law firm WongPartnership.

The changes at Temasek are related to internal restructuring. The sector and market investment teams are to be combined into a single Investment Group, while a Portfolio Strategy and Risk Group has been newly created along with a Sustainability and Stewardship Group.

Lee Theng Kiat, chief executive of Temasek, said: “At a strategic level, the changes we are making position the organisation to protect and work the Temasek portfolio, and continue to build capabilities as we grow.

“In the future, we may continue to add additional capabilities to the business, as Temasek grows its investment portfolio and global footprint. We are always looking to create new opportunities to attract talented people to Temasek.”

See more from this Government Report: Singapore

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