Singapore鈥檚 state-owned investor Temasek, one of the world鈥檚 top funds, announced its biggest overhaul in years on Thursday, creating three new entities to better manage its investments in the face of rising global market uncertainty.
It comes as US President Donald Trump鈥檚 tariff policies upend the rules-based trading system that has underpinned Singapore鈥檚 economy for decades, and against the backdrop of fast-paced developments in digital technologies.
鈥業n a rapidly changing world, with rising geopolitical tensions and changes to the rules-based order, Temasek has to sense the changes in our operating landscape,鈥� the company said in a statement.
Temasek has to 鈥榓dapt our organisational structure to support portfolio strategies for growth and returns, and perform with greater accountability and alignment鈥�, it added.
The new investment structure will take effect on April 1, 2026.
Temasek鈥檚 three new arms will each handle distinct segments of the company鈥檚 portfolio, which was worth SG$434 billion (US$338 billion) as of March 31 this year, the statement said.
Temasek Global Investments will handle the company鈥檚 worldwide footprint.
Global investments under the new entity will be aligned with structural trends including digitisation, sustainable living, future of consumption, and longer lifespans, the company said.
Temasek Singapore will focus on managing its holdings in the city-state, including stakes in Singapore Airlines and DBS Bank.
And Temasek Partnership Solutions will focus on 鈥榤anaging allocation of capital to invest in funds, building strategic relationships with these funds and other investors,鈥� it said.
Temasek International 鈥榳ill continue to house the firm鈥檚 group and corporate functions providing enterprise-wide governance, strategic, and operational support to its portfolio segments鈥�, the statement added.
Temasek also announced changes to its senior leadership.
Chia Song Hwee, currently deputy chief executive at Temasek International, will be appointed as co-CEO from October 1 this year, working with company veteran Dilhan Pillay at the helm.
