THE ON DECK NEWS

THE ON DECK NEWS DAILY

Menu
  • Terms and Conditions
  • Privacy Policy
Menu

Ho Ching will retire as CEO of Temasek Holdings in Singapore on October 1st

Posted on February 9, 2021 by

A sign from Temasek Holdings in their Singapore office.

Munshi Ahmed | Bloomberg | Getty Images

SINGAPORE – Singapore’s state-owned investment company Temasek Holdings announced Tuesday that Ho Ching will step down from their roles as Chief Executive and Executive Director on October 1st.

Ho, the wife of Singapore Prime Minister Lee Hsien Loong, has been Temasek’s CEO since 2004. He will be succeeded by Dilhan Pillay Sandrasegara, currently CEO of the company’s investment arm, Temasek International.

Temasek is one of the world’s largest investors. The portfolio was valued at $ 306 billion (US $ 230 billion) as of March 31 last year.

The succession of executives at Temasek has been discussed in detail for several years. Ho had planned to step down in October 2009 but persisted after CEO-designate Charles Goodyear left the company.

your new successor Pillay is a former corporate attorney who joined the company 10 years ago. He became CEO of Temasek International in 2019 and led the company’s investing activities.

Pillay will keep his role in the investment arm after becoming CEO of Temasek Holdings.

In the beginning, the company invested primarily in companies in Singapore, but has since grown to become a significant global investor.

The company’s 2020 annual report – the last available – showed that assets in China comprised 29% of its portfolio. It was followed by Singapore with 24% and North America with 17%, the report said.

Recent Posts

  • The Benefits of an Amex Platinum Card
  • What Is a Disbursement Card?
  • No Equipment Home Exercises to Get a Stronger Body
  • Why Gift Cards Make Good Gifts
  • Why Use Credit Cards Over Cash?

Recent Comments

    Archives

    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021

    Categories

    • Business
    • Finance
    • Health
    • Life
    • News
    • Shopping
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    ©2022 THE ON DECK NEWS | Design: Newspaperly WordPress Theme