As a forward looking institution, Temasek Holdings (“Temasek”) regularly reviews and repositions itself for the future.

As part of Temasek’s evolution as an active investor, Temasek International (“TI”) was formed in 2011 as the wholly owned management arm of Temasek, to manage and build our capabilities in anticipation of a growing and increasingly global portfolio. All Temasek staff, except for the Chief Executive Officer and Chief Financial Officer of Temasek, were transferred to TI in 2011, in line with global best practices of international investment companies. TI management and staff are entrusted to support Temasek in achieving its corporate and business objectives. 

We are pleased to announce that Mr Lee Theng Kiat, President, TI, shall be appointed Chief Executive Officer, TI, with effect from 1 October 2015.

As CEO of TI, Mr Lee will be responsible for Temasek’s role as an active investor and shareholder. He will oversee Temasek’s commercial strategies and portfolio, and build up the management and operational capabilities at TI to support the next phase of Temasek’s development and deliver sustainable long term returns.

Ms Ho Ching, who will return from her part-time sabbatical in late October, remains as Executive Director and Chief Executive Officer of Temasek. She continues to oversee our stewardship role, including the constitutional responsibility to protect Temasek’s past reserves. 

Ms Ho shall concurrently be appointed Chairman, TI on 1 October 2015. Mr Lee will work closely with Ms Ho to oversee and strengthen Temasek’s foundation as a forward looking institution.

Temasek’s portfolio has more than doubled from S$103 billion in 2005, and grew from S$193 billion in 2011, to reach S$266 billion as at 31 March 2015. Its portfolio, anchored in Asia, has delivered a one-year total shareholder return of over 19% as at 31 March 2015.
 

About Temasek International: Temasek International is a wholly owned subsidiary of Temasek Holdings, and has been the management arm of the holding company since 2011. All Temasek employees, with the exception of the Chief Executive Officer and Chief Financial Officer of Temasek, are employees of Temasek International. Temasek International focuses on and is responsible for executing the business and investment strategies set by the Temasek Board.

About Temasek Holdings: Temasek Holdings is the company overseeing the entire Temasek portfolio. It also has specific oversight of Temasek’s duties as a 5th Schedule entity under the Singapore Constitution, with a constitutional responsibility to safeguard the company’s past reserves.