Temasek creates three new units, reshuffles senior leadership

The reorganisation will take effect on 1 April 2026.

Temasek Holdings announced that it will launch three wholly owned entities to manage its key portfolio segments as it prepares for the new global environment.

This new investment structure, one of the biggest overhauls in the company’s history, will take effect from 1 April 2026.

Temasek Global Investments (TGI) will manage the firm’s global direct investments (GDIs); Temasek Singapore (TSG) will manage the Singapore-based Temasek portfolio companies (TPCs); and Temasek Partnership Solutions (TPS) will manage the partnerships, funds, and asset management companies (PFAs) portfolios.

Temasek also announced senior leadership changes.

As part of the reorganisation, Chia Song Hwee, the deputy CEO of Temasek International (TI), will be appointed Co-CEO of TI with effect from 1 October 2025. The firm said that Chia will work with Dilhan Pillay, who will remain as executive director and CEO of Temasek Holdings and TI.

Effective 1 April 2026, current TI chair Lee Theng Kiat will step down. Pillay will then take over as the chair of the wholly-owned entities – TI, TGI, TSG, and TPS. These appointments will be held concurrently with his existing position as executive director and CEO of Temasek Holdings

Chia will also be appointed as CEO of TGI and deputy chairman of TI, TSG, and TPS.

Nagi Hamiyeh, the head of Temasek’s business Europe, Middle East and Africa, will be concurrently appointed as president of TGI.

Png Chin Yee, Temasek’s chief financial officer, will be concurrently appointed president of TSG.

According to Temasek, the new entities and leadership appointments will enable each portfolio segment to focus on respective strategies while strengthening Temasek’s overall franchise value