Temasek Announces Strategic Executive Changes

In a bold move set to reshape its leadership landscape, Temasek has named Deputy CEO Chia Song Hwee as co-chief executive, effective October 1, 2025. This strategic shift aims to reinforce the firm's focus on its core portfolio amid fluctuating global economic conditions.

Chia, who has been with Temasek since 2011, will work alongside current CEO Dilhan Pillay to navigate the evolving investment climate. "It's time for the next generation to step in and drive us towards our goals for T2040," Pillay remarked, highlighting the imperative of preparing for future leadership.

Revamping Portfolio Management

As part of this reorganization, Temasek will create three distinct entities: Temasek Global Investments to manage global direct investments, Temasek Singapore for local portfolio firms, and Temasek Partnership Solutions for partnerships and asset management. Chia will also take on roles as CEO of Temasek Global Investments and deputy chairman of the other two entities.

Pillay, 62, will expand his responsibilities as chairman across all three new units while continuing his role as executive director and CEO of Temasek Holdings. This strategic alignment aims to enhance operational efficiency and address the demands of a rapidly changing market.

Succession Planning for a Global Future

With the leadership transitions, the outgoing chairman of Temasek International, Lee Theng Kiat, 72, will make way for new blood, ensuring a delicate balance between experienced leadership and innovative ideas. Notably, Nagi Hamiyeh will step up as president of Temasek Global Investments from his current position overseeing the Europe, Middle East, and Africa regions.

The firm is committed to fostering a multicultural and high-performance management team. "Leaders must embrace international experiences to understand competition and bring valuable insights back to Singapore," emphasized Pillay, who is also working to develop talents among the organization’s 91 managing directors.

Seviora Holdings Board Revamp

In another significant shift, Seviora Holdings, Temasek's asset management arm, will undergo board changes starting September 1. Pillay will step into the role of chairman, with new directors joining the ranks, including industry leaders from TPG Global and BlackRock Singapore. Gabriel Lim will assume the position of executive director and CEO, tasked with navigating the group's growth and strategic priorities.

As Seviora integrates under the newly formed Temasek Partnership Solutions unit, the emphasis will be on enhancing returns and expanding investment avenues for clients. Pillay has assured that this transformative phase is essential for gearing up for the future.

The Road Ahead for Temasek

As the investment giant gears up for T2040, the focus remains on cultivating a dynamic and responsive leadership structure that not only adapts to the shifting global landscape but also empowers future leaders from within. With these changes, Temasek aims to echo its commitment to excellence, innovation, and a collaborative corporate culture.