Singapore, Wednesday, 3 April 2024 – Temasek Holdings is pleased to announce new appointments to its Board of Directors.

Mr Tan Chong Meng joined Temasek’s Board with effect from 1 April 2024 and Mr Geoffrey Wong will join the Board on 10 May 2024. Both are senior business leaders with extensive industry experience and track record from the private sector. They will join current members of the Board to provide overall strategic guidance to the management.

Mr Tan had a 40-year executive career spanning both private and public service, including 12 years as the Group Chief Executive Officer of PSA International (PSA). Prior to PSA, he led global businesses in the Royal Dutch Shell Group and had an earlier career with the Ministry of National Development. He currently serves as the Chairman of Jurong Town Corporation (JTC) and is Deputy Chairman on the board of National University Health System (NUHS). In April 2020, he was appointed Co-Chair of the Emerging Stronger Taskforce, a committee set up by the Singapore Government to guide the nation’s economic recovery from the COVID-19 pandemic.

Mr Wong was trained in Computer Science and Electrical Engineering and has had a long career in investment management. He was Head of Emerging Markets and Asia-Pacific Equities for UBS Global Asset Management since 2000, until his retirement in May 2023. In that position, he had overall responsibility for all Emerging Markets, Asian, Japanese, and Australian equity teams, strategies, and research. Prior to joining UBS in 1997, Mr Wong co-founded an Asian investment management firm, Koeneman Capital Management, which was the early incarnation of the "quant" investment management house, subsequently acquired by DBS Asset Management.

Announcing the appointments today, Temasek Holdings Chairman, Mr Lim Boon Heng, said the Board would benefit from the experience and insights of its new members.

“Chong Meng and Geoffrey are both recognised leaders in their fields and professions. They will bring a good mix of operating and investment capabilities to complement the current Board and help Temasek in achieving its portfolio and institutional priorities. We look forward to their contribution as a member of our Board.” Mr Lim said.

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About Temasek

Temasek is a global investment company with a net portfolio value of S$382 billion (US$287b, €264b, £232b, RMB1.98t) as at 31 March 2023.

Its Purpose “So Every Generation Prospers” guides it to make a difference for today’s and future generations.

As an active investor, forward-looking institution and trusted steward, it is committed to deliver sustainable value over the long term.

Temasek has overall corporate credit ratings of Aaa/AAA by rating agencies Moody’s Investors Service and S&P Global Ratings respectively.

Headquartered in Singapore, it has 13 offices in 9 countries around the world: Beijing, Hanoi, Mumbai, Shanghai, Shenzhen, and Singapore in Asia; and London, Brussels, Paris, New York, San Francisco, Washington DC, and Mexico City outside Asia.

About Mr Tan Chong Meng

Until his recent retirement in February 2024, Mr Tan Chong Meng was the Group CEO of PSA International Pte Ltd (PSA), a role he held since October 2011. PSA is a leading global port group and trusted partner to cargo stakeholders. With flagship operations in Singapore and Antwerp, PSA’s global network encompasses terminals and sales offices in over 160 locations and in 42 countries around the world. Mr Tan was responsible for the overall performance of the PSA Group and provided strategic direction on growing the company’s network and value through maximising assets and engaging global business partnerships.

Before joining PSA, he was Executive Vice President, Global Commercial, Shell Downstream, of the Royal Dutch Shell Group where he led six global businesses in the marketing and sale of fuels, lubricants, and specialty products to commercial customers. During his more than 20 years of experience in Shell, Mr Tan worked in the USA, Europe, China, and Singapore, holding various senior leadership positions that spanned management, sales, marketing, trading, refinery operations, customer service and merger & acquisitions. He began his career with Singapore’s Ministry of National Development.

Mr Tan currently serves as the Chairman of JTC and is Deputy Chairman of National University Health System (NUHS), alongside other boards and international panels. For his contributions as Co-Chair of the Emerging Stronger Taskforce, a committee set up by the Singapore government to guide the nation’s economic recovery from the COVID-19 pandemic, he was conferred a Meritorious Service Medal award in 2022. In 2023, he was conferred the honour of the “Officer of the Order of the Star of Italy” which recognises individuals who have made outstanding contributions to promote co-operation between Italy and other countries.

Mr Tan holds a Master of Arts degree in Industrial Engineering and Bachelor of Arts degree in Mechanical Engineering from the National University of Singapore.

About Mr Geoffrey Wong

Mr Geoffrey Wong has had a career spanning more than 26 years with UBS Global Asset Management (UBS) where he retired in May 2023 as the Head of Emerging Markets and Asia-Pacific. In this role, he oversaw Emerging Markets and Asia-Pacific equity investments for the firm’s clients worldwide and was responsible for UBS’ Emerging Markets and Asia teams, located in Chicago, Hong Kong, Zurich, Tokyo and Singapore. He was also formerly the CEO of UBS Asset Management Singapore. Under his leadership, UBS grew its Asian and Emerging Markets asset under management from USD 2bn to over USD 40bn. Mr Wong was named Fund Manager of the year for Emerging Markets by Citywire in 2016-17 and has been named by Citywire as one of the top portfolio managers of the last ten years. He was also conferred the Chairman’s Award in 2006, given to approximately a dozen out of UBS AG’s then 70,000 employees each year, for outstanding achievements.

Prior to joining UBS in 1997, Mr Wong co-founded an Asian investment management firm, where he served as Director of Investment Management, responsible for asset allocation and stock selection for global and regional institutional portfolios from 1989 to 1997. He began his career in engineering, working on quantitative modelling of semiconductor devices and conducting research on artificial intelligence.

Mr Wong currently serves on the boards of Xora Innovation and the Singapore Symphonia Group. He had previously served on the board of Singapore Exchange, the combined stock and futures exchange of Singapore, between 2003 and 2006. He is also a member of the Singapore Society of Financial Analysts and a Fellow of the Institute of Banking and Finance.

Mr Wong holds an MBA from MIT Sloan School of Management and a degree in SM Electrical Engineering and Computer Science from the Massachusetts Institute of Technology.