Temasek names 2 new presidents in management reshuffle

Mr Chia Song Hwee and Mr Dilhan Pillay have been promoted to presidents, joining president Gregory Curl.

A woman passes a logo of state investor Temasek Holdings at their office in Singapore July 8, 2014. REUTERS/Edgar Su

SINGAPORE: State investment firm Temasek Holdings has appointed two new presidents in a management reshuffle to help it navigate “challenging times”.

Mr Chia Song Hwee and Mr Dilhan Pillay have been promoted to presidents, joining president Gregory Curl, the firm said in a statement on its website on Tuesday (Apr 26).

Dr Fidah Alsagoff, Mr Michael Buchanan, Ms Png Chin Yee and Ms Juliet Teo have been appointed as senior managing directors. The appointments take effect on May 1.

Temasek said it will also reallocate some functions across groups, such as bringing together its sector and market investment teams under a single investment group, creating a new portfolio strategy and risk group as well as a sustainability and stewardship group.

CEO of Temasek International Lee Theng Kiat said the purpose of the changes is to align the organisation structure with its key priorities in the next phase of its growth.
“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,” he said.
“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.”

- CNA/cy