Temasek to appoint Chia Song Hwee as co-CEO as part of leadership changes

Temasek deputy chief executive Chia Song Hwee will become co-chief executive of Singapore's investment company with effect from Oct 1, 2025, as part of a wider reorganisation to sharpen its focus on key portfolio segments amid global uncertainty.

- Timothy Goh and Sue-Ann Tan

The 62-year-old, who joined Temasek in 2011, will work with current chief executive Dilhan Pillay to position the company for a changing global environment and to implement the new structure, Temasek said on Aug 28.

Under the restructuring, three wholly owned entities will be set up: Temasek Global Investments, which will oversee its portfolio of global direct investments; Temasek Singapore, which will manage its Singapore-based portfolio companies; and Temasek Partnership Solutions, which will oversee its partnerships, funds and asset management companies.

Mr Chia will also assume new appointments as chief executive of Temasek Global Investments and deputy chairman of Temasek International, Temasek Singapore and Temasek Partnership Solutions.

Meanwhile, Mr Pillay, 62, will be appointed chairman of Temasek International, Temasek Global Investments, Temasek Singapore and Temasek Partnership Solutions.

He will hold these appointments alongside his current role as executive director and chief executive of Temasek Holdings.

The changes will also see Mr Lee Theng Kiat, 72, step down as chairman of Temasek International.

Mr Nagi Hamiyeh, 56, who heads Temasek's Europe, Middle East and Africa business and is based in Paris, will concurrently serve as president of Temasek Global Investments, while chief financial officer Png Chin Yee, 49, will also serve as president of Temasek Singapore.