Growing Temasek: Chairman Lim Boon Heng's contributions over the years

He oversaw key changes during his term as chairman of the state investment company

- Timothy Goh

Temasek chairman Lim Boon Heng oversaw key changes during his tenure, including a board renewal, leadership transition and development of the state investor's long-term strategy.

Appointed chairman in 2013, he will step down from his role in October. He will be succeeded by former senior minister Teo Chee Hean, who will join Temasek's board as deputy chairman on July 1, before taking the helm in October.

Here is what Temasek achieved during Mr Lim's tenure:

GROWTH AS AN INTERNATIONAL INVESTOR

Temasek established itself as a global investor, with its net portfolio value rising from $223 billion in March 2014 to $389 billion in March 2024.

Singapore's investment company grew its footprint across Europe and the US, which now hosts six of its 13 international offices.

It expanded its global advisory network, supplementing its Temasek International Panel with three regional panels – the Temasek European Advisory Panel and the Temasek Americas Advisory Panel in 2016, as well as the Temasek Southeast Asia Advisory Panel in 2023.