Singapore's Temasek mulls major overhaul

Temasek Holdings Pte is mulling one of its biggest overhauls in years, potentially reorganising the firm into three investment vehicles in a bid to boost returns and efficiencies, according to people familiar with the matter.

- DAVID RAMLI JOYCE KOH ANDREA TAN

Under the proposal still being discussed at senior levels, Singapore's state-owned investor could divide its business into three arms. One would focus on Temasek’s biggest domestic holdings such as Singapore Airlines Ltd, and another would oversee largely foreign investments. A third unit would include all of Temasek’s fund investments, said the people, who asked not to be identified discussing a private matter.

The move, which remains fluid and subject to change, would fundamentally restructure the 51-year-old investment giant amid rising pressure to deliver higher returns and streamline its operations.