Key changes in Temasek’s leadership as it creates three new entities
[SINGAPORE] In one of Temasek Holdings’ biggest overhauls since 1974, the Singapore investment company will form three wholly owned entities to oversee its business segments from Apr 1, 2026.
These are Temasek Global Investments (TGI), Temasek Singapore (TSG) and Temasek Partnership Solutions (TPS). TGI and TSG will manage the investor’s overseas and domestic portfolios respectively, while Temasek’s partnerships, funds and asset management companies will come under TPS.
When these entities are up and running, investments will no longer be part of Temasek International’s remit. From next April, it will continue to house the group and corporate functions, and will not have a CEO.
Temasek has announced various leadership changes to run the new entities. Here are the senior executives who will be affected:
Dilhan Pillay, who has held the roles of executive director and chief executive officer of Temasek Holdings since Oct 1, 2021, will become the chairman of the three new entities from April 1, 2026.
The 62-year-old, who is also currently CEO of Temasek International, will also take over as chairman when the incumbent, Lee Theng Kiat, 72, steps down.
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Dilhan has held various leadership roles in Temasek, including head of its investment group, and head of portfolio management. He joined the company in September 2010 from law firm WongPartnership.
Chia Song Hwee, currently deputy CEO of Temasek International, will be promoted to co-CEO from Oct 1, 2025. Also 62, Chia will work with Dilhan to effect the transition to the new structure.
From next April, Chia will become the deputy chairman of Temasek International, TSG and TPS. He will take up the role of CEO at TGI as well.
Since joining Temasek in October 2011, Chia has held various leadership roles, including president and chief operating officer (COO).
Prior to Temasek, he was the CEO of Chartered Semiconductor Manufacturing before its integration with GlobalFoundries, where he served as COO.
Temasek chief financial officer (CFO) Png Chin Yee will be appointed as president of TSG. The 49-year-old joined in July 2011 from UBS to head the company’s financial services portfolio. She will concurrently remain as CFO from next April.
Png is also a founding member of the Temasek Women’s Network.
TGI will be led by Nagi Hamiyeh as president. The 56-year-old currently heads Temasek’s business in Europe, Middle East and Africa. Since joining the company in September 2005, he has led teams across various sectors, functions and markets. These included resources, consumer and industrials, as well as the portfolio development group.
Before Temasek, Hamiyeh was a banker at Credit Suisse First Boston, and began his career at Bain & Co.
