Temasek to set up three bodies to manage portfolio segments in restructuring

Set for April next year, the move is part of firm's response to greater global uncertainty

- Sue-Ann Tan and Timothy Goh

Temasek will be restructuring and setting up three entities to manage three distinct portfolio segments amid heightened global uncertainty and economic change in the macro landscape, the Singapore investment company announced on Aug 28.

The three portfolio segments will be: global direct investments; Singapore-based Temasek portfolio companies (TPCs); and partnerships, funds and asset management companies (PFAs).

To manage these three segments, Temasek will set up three wholly owned entities called Temasek Global Investments, Temasek Singapore for TPCs and Temasek Partnership Solutions for PFAs, with effect from April 1, 2026.

These will drive Temasek's growth as the firm continues to build a resilient and forward-looking portfolio, it said.

Temasek chief executive and executive director Dilhan Pillay said at a media briefing: "The world does change from time to time, but we have had a relative time of stability over the last 30 years, especially since the World Trade Organisation came about... and so our organisation structure has been fairly stable over the last 20 years."

But things have changed for many, whether they are governments, multinational corporations, domestic companies, and even individuals and societies, he added.

"And so we definitely need to realign our organisational structure, for this new environment that we are in and around the three portfolio entities that we have," said Mr Pillay.

He added that the most important thing is to adapt the organisation to cater to changes that are likely to be ahead, and be more agile and nimble.

Temasek has also constantly evolved over the last 50 years, and typically when there are crises, Mr Pillay added.

"As the old adage says, never waste a crisis. We are ensuring that we are not wasting what's happening today in the global environment," he said.