Master of Science in Advanced Mechanical Engineering (Distinction), Imperial College London, UK, Date of appointment as a Director:1 January 2022, Board committees served on [52], Temasek headquarters at The Atrium@Orchard in Singapore, Government of Singapore Investment Corporation, "TEMASEK HOLDINGS (PRIVATE) LIMITED (197401143C) - Singapore Business Directory", "Temasek Holdings (Temasek) - Sovereign Wealth Fund, Singapore - SWFI", "Singapore's state-owned investor Temasek reports record portfolio value", "Temasek portfolio surges to record high, driven by Singapore investments", "Four keys that could unlock a better, more sustainable world", "Temasek hits perfect score on transparency index", "Temasek is different from other sovereign wealth funds and pays tax - Chairman", "Singapore's $744 Billion Fund Eyes Deals in Low-Return World", "Singapore's GIC Set to Manage Extra $137 Billion in Reserves", "Modern Meadow Closes $40M Series B Round to Commercialize Biofabricated Leather - Modern Meadow", "Shareholders approve Temasek buyout of Singapore rail operator", "Speeches by Ho Ching, Executive Director & CEO, at the Institute of Policy Studies", "S&P CONFIRMS AAA RATING AS TEMASEK UPSIZES GLOBAL NOTES TO US$15 BILLION", "Temasek Holdings responds to NSP's claims", "About Singapore - Our History - The Sixties", "Singapore Statutes Online - 50 - Companies Act", "Temasek Biggest Shareholdings Fall $23.5 Billion in Three Months", "Ho Ching to retire as Temasek CEO on Oct 1; Dilhan Pillay named successor", "Chart of the Day: Temasek's major stock investments yielded 8.1%", Thailand: Protesters burn images of Lee, wife. We will make further appointments in coming months that will continue to build the capabilities that the board has among its members. TODAY, Madam Ho Ching (pictured) will take over Mr S Dhanabalan as chairman of Temasek Trust from April 2022. The RSC supports the Board in its oversight responsibilities by reviewing, among other things, our portfolio risk appetite and profile, material Environmental, Social and Governance (ESG) matters, risk management and sustainability frameworks and policies, as well as key public statements relating to risk, sustainability and ESG. Our Board operates on a commercial basis, with the added constitutional responsibility, together with our CEO, of protecting the Companys past reserves, given Temaseks status as a Fifth Schedule entity under the Singapore Constitution. IA may also undertake special reviews requested by our Board, AC or senior management. [45][46], In 2021, Temasek invested in cryptocurrency exchange FTX. Prior to joining Temasek in 1999, Jimmy was with Standard Chartered Merchant Bank Asia Limited ("SCMBA"). He brought with him a wealth of experience, a rich network across the region, a keen sense of markets and commercial discipline, and above all, a commitment to build and transform people and organisations for the longer term, as well as to embed culture and values for a greater purpose. The goal was for Temasek to own and manage these investments on a commercial basis,[24] allowing the Ministry of Finance and the Ministry of Trade and Industry to focus on policymaking. Daryl Choo. Quarterly Board meetings include Executive Sessions for non-executive Directors to meet without management presence. Mr. Zobel, Filipino, 63, has been the Chairman of the Board since December 1996 and Director since March 1989. Board members with interests that may conflict with specific Temasek interests are recused from the relevant information flow, deliberations and decisions on the matter on which they are conflicted. Three new directors will join Temasek Trusts board of directors from Jan 1 next year: Mr Benny Lim, Mr Teo Ming Kian and Mr Tow Heng Tan. We're sorry, but there was an error processing your request. For more details about cookies and how to manage them see our cookie policy. Ho Ching is Patron of the Assisi Hospice and Advisor of the Autism Resource Centre. Ltd. (Deputy Chairman) Incorporated on 25 June 1974, Temasek owns and manages a total of US$497 billion (S$667 billion) in assets under management (AUM) as of June 2023. Singapore Mediation Centre (Director) He was the Chief Executive Officer of Ayala Corporation from 2006 to April 2021. Temasek Holdings (Private) Limited, or simply Temasek, is a Singaporean state-owned conglomerate owned by the Government of Singapore. We operate in a complex global environment influenced by multiple geopolitical and socio-economic forces. In a separate statement on Thursday, Temasek Holdings announced two new appointments to its board of directors. Business Parks, Industrial & Logistics Spaces. [44], In November 2020 Temasek with Creadev led a EUR140 million series C financing of French biotechnology company InnovaFeed. Announcing the change today, Mr Lim Boon Heng, Chairman of Temasek Holdings, noted: Leadership succession is a strategic responsibility of the Board. For instance, Temasek Trust has seeded impact investing in recent years as a key element for the managing of philanthropic capital. SINGAPORE Temasek Holdings' chief executive officer (CEO) Ho Ching will be appointed to the board of directors of the state investment firm's philanthropic arm Temasek Trust when . Temasek is a company incorporated in Singapore, and operates under the provisions of the Singapore Companies Act. Theng Kiat has also held various senior level positions in the Singapore Technologies Group, overseeing its legal and strategic business development functions. Please try again later. CLA Real Estate Holdings Pte. MS Property Management Pte. We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be. The minutes of AC meetings are circulated to the Board. As an engaged shareholder, we promote sound corporate governance in our portfolio companies. 1,338 Financed Companies 12 Financings 12 General Information Description Founded in 1974, Temasek Holdings is a lender headquartered in Singapore. Today, many of them are also going through their own transformation too. Ho Ching concluded. Temasek Holdings Advisors India Private Limited's Corporate Identification Number is (CIN) U67190MH2000PTC154942 and its registration number is 154942.Its Email address is [email protected] and its registered address is 12, 3 North Avenue . The firm has publicly stated that its goal is to reduce the net carbon emissions attributed to its entire portfolio to half of 2010 levels by 2030. Masters in Urban Development Planning, University College London Page is added to print basket. He retired as Deputy Prime Minister and Coordinating Minister for National Security in 2011 but remained as a Member of Parliament till 2015. In continuing our mission to generate long term sustainable returns beyond our current generation, core to our success will be our commitment to build a better, more sustainable world. She joined the Board of SPL and was appointed Deputy Chairman on 1 April 2021 and has been appointed Chairman with effect from 1 Jan 2023. Please enable JavaScript in order to get the best experience when using this site. Urban Solutions and Sustainability Domain International Advisory Panel, National Research Foundation (Member) Decisions at Board and Committee meetings are based on a simple majority of the votes, including those via telephone and/or video conference. SINGAPORE, Sept 30 Temasek Holdings' chief executive officer (CEO) Ho Ching will be appointed to the board of directors of the state investment firm's philanthropic arm Temasek Trust when she steps down from her present role on Friday (Oct 1). Ltd. and Tychan Pte Ltd. Director of Temasek Holdings Pte Ltd. Master of Applied Finance, Macquarie University, Australia, Date of appointment as a Director: 1 March 2023, Board committees served on Its sole shareholder is Singapore's Ministry of Finance. Singapore Health Services Pte Ltd (Director) CapitaLand China Trust Management Limited (Manager of CapitaLand China Trust) She also said that she was grateful for Mr Dhanabalans leadership at Temasek Trust as its second chairman, a role he took on soon after his retirement as chairman of Temasek Holdings. He is a member of Future Economy Council, an initiative by the Singapore Government to oversee future skills and innovation efforts to prepare for potential technological and/or economical disruptions and opportunities. I am especially grateful to Ho Ching and Theng Kiat for laying down a strong foundation for Temasek as it navigates a world of continuous change, increasing complexity and ambiguity. (2008 . [39] The size of the stake was not disclosed. She noted that Temasek's bonds spreads and credit ratings have been regularly[25] and independently[26] monitored as public markers of Temasek's financial position and credit risks. Temasek purchased 30 per cent of Haldor Topsoe's shares in March 2019. Ltd.) (Non-Executive Non-Independent Director) Our investment philosophy is anchored around four key themes: Transforming Economies; Growing Middle Income Populations; Deepening Comparative Advantages; and Emerging Champions. National Trade Union Congress Medal of Honour (1998) Ho Ching believes we have a stake in the well-being of our communities and the responsibility to exercise good stewardship through our contributions. Shanghai Commercial Bank Ltd (Chairman) Mediacorp Pte Ltd. All rights reserved. I have been privileged to be part of an incredible journey over these two decades at Temasek. Ms Ho will also succeed Mr S Dhanabalan as Chairman of Temasek Trust with effect from Apr 1 next year. Dilhan is a proactive champion of change and innovation, both in and outside of Temasek. [49], In May 2022, Temasek was finalizing talks to lead a $50 million financing round for DotPe, an Indian startup backed by Google. Instagram(@temasekseen); Temasek Holdings said that the appointments are part of a transition process following the recent retirement of former director Goh Yew Lin and the forthcoming retirements of Mdm Ho and Mr Robert Ng from the board. T. (65) 6955 9999. Ho Ching joined Temasek in 2002 and was appointed CEO in 2004. She was the founding Chairman of Singapore Technologies Engineering from 1997 till 2002. We have had in place an annual review since the early 2000s. Temasek Holdings announced the retirement of Mdm Ho earlier this year, more than a decade after a highly publicised failed leadership transition in 2009. CapitaLand Limited Ascott Residence Trust is a stapled group comprising Ascott Reit and Ascott BT with effect from 31 December 2019. Bayer AG 's long-time investor Temasek Holdings Pte is pushing for the removal of Chief Executive Officer Werner Baumann, according to people familiar with the matter, ratcheting up pressure. Stay up to date with our latest news, insights and stories. To ensure its independence, IA reports functionally to the AC and administratively to the office of the CEO of Temasek Holdings. The annual Board schedule includes quarterly two-day meetings, and additional meetings as needed, such as for significant large investments. She will be succeeding S Dhanabalan, who will remain on the board and be designated Chairman Emeritus. It is neither a government agency nor a statutory board. Temasek is committed to handling such reports with integrity, expediency, independence and confidentiality. Mr Lien was a UOB Bank Board Director from 2005 to 2009. He has been an invaluable guide for the investor role of Temasek as chair of Temasek International, so it is good that he will continue to provide continuity and mentorship. Our Board provides overall guidance and policy directions to management. Mr Dhanabalan, who has been chairman of Temasek Trust since September 2015, will remain on the Board and be designated chairman emeritus. The Order of Nila Utama (First Class) at the Singapore National Day Awards 2015 Ms Ho's appointment will take effect from Oct 1, the same day she retires as Temasek Holdings' chief executive officer. Date of first appointment as a Director: 1 August 2022. [47] Following FTX's collapse in November 2022, Temasek wrote down the value of their $275 million investment in FTX to zero. Its TSR since inception was 14%, compounded over 48 years. The Board of Temasek Holdings has announced that Mr Dilhan Pillay Sandrasegara will succeed Ms Ho Ching as Executive Director and Chief Executive Officer of Temasek Holdings with effect from 1 October 2021. To continue, upgrade to a supported browser or, for the finest experience, download the mobile app. Global Award in 2007 (World Travel Mart in London) By continuing to browse our site, you accept the use of cookies.Turn cookies on., View ourprivacy noticefor more information, This site uses cookies. CLA Real Estate Holdings Pte. Our Board comprises 14 members, the majority of whom (86%) are non-executive independent private sector business leaders. Subscribe to get daily news updates, insights and must reads delivered straight to your inbox. A Broad Base of Stakeholders. The military junta that overthrew Thaksin later tried unsuccessfully to force Temasek to divest a large part of its investment in Shin Corp.[36] As of 2015, Temasek's stake in Intouch Corporation (as Shin Corporation was renamed) had reduced to 42%. Chairman Lim Boon Heng said that Temasek Holdings pays special attention to renewal, both at the management and board levels. Board of Directors Our Board provides overall guidance and policy directions to management. As CEO of Temasek Holdings, Dilhan will have the responsibility for the Stewardship role of Temasek, particularly in respect of Temaseks Constitutional responsibilities to safeguard its own past reserves, as a Fifth Schedule entity. CURRENT APPOINTMENTS PAST APPOINTMENTS S Dhanabalan CHAIRMAN EMERITUS To Mr S Dhanabalan, business is a part of society and not apart from society. Ho Ching has a deep and passionate commitment to so many community causes, and has been instrumental in Temaseks own stewardship journey over the past two decades," said Mr Dhanabalan. Present principal commitments Where a Board resolution is obtained via circulation, the resolution becomes effective upon approval by at least two thirds of the Board. Number of Current Board & Advisor Roles 1 CB Rank (Investor) 61,607 Primary Job Title Director Primary Organization Temasek Holdings Location San Francisco, California, United States Regions San Francisco Bay Area, West Coast, Western US Gender Female Investor Type Investment Partner LinkedIn View on LinkedIn Partner Investments For more information on Temasek, please visitwww.temasek.com.sg, For Temasek Review 2020, please visitwww.temasekreview.com.sg. Mr Michael Lien is Deputy Chairman and Executive Director of Wah Hin & Company. The Board has reserved the following matters for its decision: The following Board committees, each chaired by a non-executive Director who is independent of management, have been set up with specific delegated authorities: The Board has separate and independent access to information to assist it with its deliberations, including the opportunity to request supplementary or explanatory information from management. [citation needed], 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. He was instrumental in repositioning Temasek to better address new technology-enabled opportunities; adding Europe and the USA as key investment destinations, as well as adding depth and diversity to Temaseks Asia-centric portfolio. Prior to joining Temasek, Prady worked with Morgan Stanley's Asia Pacific Financial Institutions Group based out of Singapore. We do not direct their business decisions or operations. The LDCC met five times during the year. To explore Temasek Holdingss full profile, request access. These include Board and CEO succession, as well as guidelines and policies on performance measurement and compensation plans. Ltd. (Director) Before SeaTown, Jimmy was the Senior Managing Director, Head of Strategy at Temasek Holdings. The minutes of ExCo meetings are circulated to the Board. This enables the CEO of Temasek Holdings to focus on its Stewardship responsibility both as an intergenerational investor, and a Fifth Schedule entity under the Singapore Constitution charged with protection of its own past reserves.