Temasek Holdings makes slew of senior management changes

Photo: Bloomberg

Singapore state investor Temasek Holdings on Friday named chief operating officer Chia Song Hwee as its next deputy CEO and Rohit Sipahimalani as its next chief investment strategist.

The appointments, which will take effect from 1 January 2020, were among a slew of organisational changes at the investment firm.

In his new role, Chia will work with Temasek CEO Dilhan Pillay Sandrasegara to drive Temasek’s strategic and institutional initiatives set out in its long term strategy. He will also continue to oversee activities relating to the investor’s portfolio, investments, and technology.

As its chief investment strategist, Sipahimalani, who is currently the joint head of Temasek’s investment group, will drive the firm’s investment stance and asset allocation for the future. He will also oversee the portfolio strategy and Group, which is led by Michael Buchanan.

“The world in which we operate is becoming increasingly complex. We need to make sure our organisational structure gives us the clarity and robustness to deal with this complexity, while delivering on our strategic and institutional initiatives,” said Temasek CEO Pillay in a statement.

Pillay added that he expects Temasek’s organisation structure to evolve as the company develops talent, builds its capabilities and strengthens its portfolio.

Other changes

Nagi Hamiyeh has been appointed the joint head of investment group and head of portfolio development at Temasek. Hamiyeh will lead a new division that will look into building on existing portfolio management capabilities, and driving partnerships, innovation, growth strategies and/or restructuring across Temasek’s portfolio to enhance its core assets.

Ravi Lambah will be the joint head of investment group and head of direct investments. He will lead Temasek’s direct investing units, including its sectors, markets and other investment teams.

Chan Wai Ching will be appointed chief corporate officer and focus on strengthening Temasek’s people and talent capabilities. Png Chin Yee will be appointed deputy chief financial officer, working with Temasek’s CFO, Leong Wai Leng, to oversee its finance group.

Changes made to international offices

Rohit Sipahimalani will be Temasek’s head of Southeast Asia, in addition to his role as the chief investment strategist.

Tan Chong Lee and Uwe Krueger will be joint heads for Europe, Middle East and Africa (EMEA).

Mukul Chawla will be joint head for North America, assisting John Vaske, who continues in his role as head for the Americas region.

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.