Temasek will split its investment portfolio into three departments and adjust the management level.

Temasek will reorganize its $434 billion investment portfolio starting from April 1 next year, as part of a major reform aimed at enhancing the focus of the Singapore state-owned investment company. This restructuring will establish three new entities: Temasek Global Investments, Temasek Singapore Investment Portfolio Management, and Temasek Partnership Investment Solutions. These three new entities will respectively manage Temasek's global direct investments, the Temasek investment portfolio company headquartered in Singapore, and partnership investment projects, funds, and asset management platforms. These investments were previously managed by Temasek International, which will continue to oversee the management and group functions. Temasek announced on Thursday that as part of this transformation, Chia Song Hwee, Deputy CEO of Temasek International, will be appointed Joint CEO starting from October 1, and will work alongside Temasek CEO Dilhan Pillay to drive the "next phase of growth" for the company. Pillay will also serve as Chairman of these three entities and Temasek International. According to media reports, Temasek, one of the world's largest sovereign wealth funds, has been seeking to improve its investment returns. As of the end of the previous fiscal year on March 31, its investment portfolio net value reached a record high. However, its 10-year total shareholder return was only 5%, lower than the MSCI Global Index, which had an annualized return of 10% over the same period until March 2025. Temasek stated that it is preparing for the "new global environment". The company emphasized the need to be responsive to changes, adjust the organizational structure to support business growth, and carry out work with a "higher sense of responsibility and consistency". As of March, in Temasek's investment portfolio, 36% consisted of so-called global direct investments, 41% was the Temasek investment portfolio company headquartered in Singapore, and 23% were partnership enterprises, funds, and asset management companies.