Temasek’s Shake‑Up: New Faces at the Helm
On Wednesday, Singapore’s investment powerhouse Temasek Holdings announced a series of high‑profile moves that will reshape its leadership team. The changes are big news for anyone following the nation’s top state investor.
1. Tan Chong Lee steps out – Chief Executive Officer of 65 Equity Partners
Our own President Tan Chong Lee will leave his post at Temasek to become the CEO of its fund‑management arm, 65 Equity Partners. It’s a clean exit that should give his new team a fresh boost.
2. Leong Wai Leng moves on – President of the Singapore Market Team
After an impressive 16‑year run as Chief Financial Officer, Leong Wai Leng will step down. He’s now set to lead the Singapore market team as its new president, taking a more hands‑on role in the country’s biggest investment frontier.
3. The handover: Png Chin Yee takes the CFO hat
- Png Chin Yee, the current deputy CFO, will officially replace Leong on January 1, 2023.
- This change promises continuity—Png has already been steering the finance team on the ups and downs that came with high interest rates and inflation.
Why All These Moves Matter
Temasek owns stakes in giants like DBS Group and Standard Chartered, and its portfolio is heavily tilted towards Asia—about 63 percent of the total exposure. With global stock markets having taken a nosedive amid rising rates and inflation, fresh leadership could bring a new strategy to stabilize the fund.
These appointments illustrate Temasek’s adaptive approach and hint at a future that’s keen on staying ahead of market shifts. Keep watching—this boardroom shuffle could well signal a new chapter for Singapore’s biggest state investor.
