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.
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.
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.