Temasek had also openly[19] and accurately[20] disclosed its financial information through its annual report (although Ho said that, as a private company, it was not legally obliged to do so). Prior to this, Wai Leng was Deputy CEO of Raffles Holdings and concurrently CEO of Raffles International. Rohit started his initial career with Citibank, India and McKinsey & Co in India. Chong Lee joined Temasek in October 2011. Bangkok Post, "Singapore's Lee Family and Nepotism - Asia Sentinel", "Temasek sells telco shares to Singtel for $2.47b", Ministry of Communications and Information, Ministry of Social and Family Development, Ministry of Sustainability and the Environment, Ministry of Community Development, Youth and Sports, https://en.wikipedia.org/w/index.php?title=Temasek_Holdings&oldid=995320020, Financial services companies established in 1974, Singaporean companies established in 1974, Articles with unsourced statements from November 2019, Articles lacking reliable references from November 2020, Official website different in Wikidata and Wikipedia, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, This page was last edited on 20 December 2020, at 11:53. Prior to joining Temasek, Juliet was with Singapore Press Holdings as a Management Executive. In addition, remuneration of the Executive Directors of Temasek Holdings is approved by LDCC and endorsed by its Board. TEMASEK International is, in its own words, undergoing "leadership succession", as its chairman Ho Ching steps back from her role at the management and investment arm of … Senior Managing Director, Enterprise Development Group. Deputy Chief Financial Officer; [22] The size of the stake was not disclosed. Prior to Temasek, Nagi had over 15 years of experience in senior management positions in companies including Concord Energy, Asia Pacific Resources Group, Credit Suisse and Bain & Company. Temasek Holdings, Singapore’s state-owned investment company, named Jimmy Phoon as chief executive officer of its Seatown Holdings unit. Head, India. Prior to Temasek, Chin Yee was Managing Director with UBS AG where she was the Joint Head of the Financial Institutions Group for Asia Investment Banking. Temasek founded. Singapore, 19 March 2019 - Temasek is pleased to announce its leadership succession at Temasek International Pte Ltd, the wholly owned management and investment arm of its parent company Temasek Holdings Pte Ltd. Dilhan Pillay SANDRASEGARA, 55, will succeed LEE Theng Kiat, 65, as Chief Executive Officer of Temasek International, with effect from 1 April 2019. He also led market teams covering Singapore, the US and Americas. He retired from the Bank of America in March 2010 after a banking career of over 35 years during which he served in a number of senior executive capacities including Vice Chairman of Corporate Development, and last held the position of Chief Risk Officer. The question of Temasek CEO Mdm Ho’s salary often crops up in public debate. Temasek Holdings (Private) Limited (abbreviated as Temasek) is a Singaporean holding company, owned by the Government of Singapore. Temasek's Chief Executive Officer, Holdings is HO Ching. Prior to Temasek, he was the Country Executive of South East Asia and Head of Corporate & Investment Banking, South East Asia at Bank of America Merrill Lynch. The new masks are black and come in four sizes, Temasek Holdings CEO Ho Ching said in a Facebook post on Thursday (Nov 19). He has also held various senior management positions at Chartered, which he joined in 1996. Temasek has also attained perfect quarterly scores[9] on the Linaburg-Maduell Transparency Index, a measure of the openness of government-owned investment funds. Wai Leng has over 24 years of experience in senior management positions before joining Temasek. Deputy Head, Singapore Projects; Head, Transportation & Logistics; Wai Ching joined Temasek in 2006 and oversees the Human Resources function of the firm. 6. Like any other commercial company, Temasek pays taxes that contributes to government revenue in the countries it operates in, distributes dividends to its shareholder and has its own board of directors and a professional management team. 67. Today, TI houses all our management and staff; with the exception of the Temasek CEO, Executive Director, and CFO, who continue to be employed under Temasek. Prior to joining Temasek, Alan was a Partner at Stern Stewart & Co, where he led numerous client engagements on managing for shareholder value across a wide range of industries in Southeast Asia, Australia and South Africa. [5], Temasek differs from many sovereign wealth funds because it invests mostly in equities, is the outright owner of many assets, and pays taxes like other commercial investment firms.[6]. Joint Head, Europe, Middle East & Africa. 886. Temasek Holdings hired Morgan Stanley investment banker Michael Dee, Singapore’s sovereign fund said, and sources said he will join a team that … Head, South East AsiaÂ. Number of Boards. Temasek Holdings denied that its CEO, Ho Ching, take home S$100 million a year. Phoon replaces co-CEOs Nasser Ahmad, a founder of DiMaio Ahmad Capital LLC, and Charles Ong, also … John MARREN. It is an active shareholder and investor, and its investments are guided by four key th… Temasek’s remuneration framework balances reward for short-term performance and long-term value creation. Incorporated on 25 June 1974 as a Commercial Investment Company,[1] Temasek owns and manages a net portfolio of S$306 billion[3] (as of 31 March 2020), with S$26 billion divested and S$32 billion invested during the year, and 66% exposure to Asia – 24% Singapore and 42% Asia ex-Singapore. Prior to Temasek, John was Co-Chairman of Global Mergers and Acquisitions (M&A) in the Investment Banking Division at Goldman Sachs. Chin Yee joined Temasek in July 2011. The then-chairman of Temasek Holdings, former Cabinet minister S. Dhanabalan , said Ho was the best person for the job because of "a willingness on her part to take calculated risks [7] ". TEMASEK International, the investment and management arm of Temasek Holdings, announced on Tuesday that Dilhan Pillay Sandrasegara will succeed Lee Theng Kiat as chief executive officer from April 1. Wai Leng joined Temasek in March 2006. [25], Temasek's 2006 acquisition of Shin Corporation, owned by the family of then Thai prime minister Thaksin Shinawatra, was particularly controversial, with protestors burning effigies of Lee and Ho on the streets of Bangkok. It is neither a government agency nor a statutory board. SINGAPORE – State investment firm Temasek Holdings will release its annual report in September instead of July to accommodate the delay in consolidating financial reporting for … Temasek has overall credit ratings of “Aaa/AAA” by rating agencies Moody's Investors Service[7] and Standard & Poor's[8] Global Ratings respectively since their inaugural ratings in 2004. He started his career with Accenture, and has also held various leadership roles in the financial services industry, including ANZ Bank, Allaway Management Consulting and Saltbush Capital Markets. On 25 June 1974, Temasek was incorporated under the Singapore Companies Act[1][13] to hold and manage the assets previously held directly by the Singapore government. Temasek Holdings Pte denied speculation that Chief Executive Officer Ho Ching makes S$100 million ($70 million) a year. Keat Chuan (KC) joined Temasek in October 2017. Our portfolio is S$306 billion and is focused primarily in Asia and Singapore. Incorporated on 25 June 1974 as a Commercial Investment Company, Temasek owns and manages a net portfolio of S$306 billion (as of 31 March 2020), with S$26 billion divested and S$32 billion invested during the year, and 66% exposure to Asia – 24% Singapore and 42% Asia ex-Singapore. He joined Goldman in 1988 as an Analyst with the M&A team in New York and had spent his career with Goldman. [citation needed]. Singapore. Temasek Holdings Pte. Prior to Temasek, Russell spent two years at ST Engineering and 24 years at Applied Materials where he held various regional and global leadership positions across numerous core business functions. Michael Zeller joined Temasek in July 2020. His last held position was Chief Asia-Pacific Economist based in Hong Kong, where he was responsible for the firm’s economic, forex and rates views on the region. Director (since October 2006), Peter R VOSER Senior Managing Director, Strategy Office. In February 2020, Temasek announced a company-wide wage freeze and voluntary pay cuts for senior management in part to help fund community programs aimed at alleviating the impact of COVID-19. Prior to Temasek, Jonathon was Accenture’s Group Technology Officer for Financial Services and Senior Managing Director for the Financial Services business in Asia. Joint Head, Investment Group; In June 2018, Temasek invested S$340 million in a minority stake in UST Global, a digital technology services company. By continuing to browse the site you are agreeing to our use of cookies. She also supports the Remuneration and Nominating Committees of our portfolio companies with regard to management incentive plans design, non-executive and executive directors compensation, as well as appointments to the boards of these companies. This site uses cookies. Ravi joined Temasek in April 2012. Head, Singapore Projects. Chief Investment Strategist; Director (since February 2019), GOH Yew Lin Song Hwee joined Temasek in October 2011. For instance, the approval of the President of Singapore is required for any transaction which is likely to result in a draw-down of Temasek's cash reserves. Joint Head, Investment Group; From April 1, current CEO of Temasek International Lee Theng Kiat (centre) will take over from Ms Ho (right) as chairman. Company profile page for Temasek Holdings Pte Ltd including stock price, company news, press releases, executives, board members, and contact information [23] The transaction price was not disclosed. 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