Keppel prioritising asset monetisation to fund growth: CEO

Fund manager and operator Keppel will work towards “sustainably monetising” its non-core portfolio by 2030 to free up significant capital to fund growth, reduce debt and reward shareholders, chief executive Loh Chin Hua said on Jan 1.

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In his New Year’s message to employees, he said the group made notable progress in asset monetisation, despite facing headwinds in markets such as China’s real estate sector.

He added that Keppel continued to optimise the speed and exit value of its divestments through its Accelerating Asset Monetisation Task Force, established in early 2025.

The company’s funds under management reached $91 billion by mid-2025 - up from $88 billion at end-2024 - keeping it on track to surpass its target of $100 billion by the end of 2026, he said.

In the first nine months of 2025, Keppel announced it would monetise about $2.4 billion in assets, including the proposed sale of MIs telco business. This brought the group’s total asset monetisation since October 2020 to about $14 billion, counting the 2023 divestment of Keppel Offshore & Marine.