Temasek Holdings CEO Ho Ching to retire from October 1

FILE PHOTO - A Temasek logo is seen at the annual Temasek Review in Singapore July 7, 2016. REUTERS/Edgar Su

Singapore state-owned investor Temasek Holdings has announced that its chief executive officer Ho Ching will step down from the helm from October 1, 2021.

Ho Ching, who is also the fund’s executive director, will retire from the post. She will be succeeded by Dilhan Pillay Sandrasegara, who is currently CEO of Temasek International. Pillay, a corporate lawyer by training, joined Temasek 10 years ago.

Ho Ching was appointed as Temasek’s CEO in 2004 when the state investor’s portfolio value was at S$90 billion and comprised mostly companies in Singapore.

As of March 31, 2020, Temasek’s portfolio value stood at S$306 billion. About 29% of its portfolio was invested in Singapore, and 25% invested in China. About 15% of Temasek’s portfolio is invested in Asia excluding Singapore and China, and 10% in North America.

Temasek has been one of the most active investors in technology, particularly in biotechnology.

Among its investments in China was Kuaishou Technology, the short video social platform that listed on the stock exchange in Hong Kong on Friday in a stellar market debut.

During its fiscal year ended March 31, 2020, Temasek invested S$32 billion and divested S$26 billion. Total shareholder return over a 10-year period was 5%; the one-year total return to shareholders was -2.28%.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.