Singapore $288 Billion Senior Leadership Announcement: Appoints Permanent Secretary Gabriel Lim as Joint Head of Corporate Strategy Alongside Lim Ming Pey, Eng Aik Meng & Dinesh Khanna to Join Temasek as Joint Heads of Portfolio Development Group (PDG) Alongside Juliet Teo
7th August 2024 | Hong Kong
Singapore Temasek ($288 billion AUM) Senior Leadership Announcement – Singapore Temasek has appointed Permanent Secretary Gabriel Lim as Joint Head of Corporate Strategy (1/10/24) alongside Lim Ming Pey, and Eng Aik Meng (1/9/24) & Dinesh Khanna (Mid-Oct 2024) to join Temasek as Joint Heads of Portfolio Development Group (PDG) alongside Juliet Teo. Temasek (5/8/24): “To prepare ourselves for a rapidly changing world, we take an active approach to ensure that our organisation stays agile, our talent is supported in their professional and personal growth, and we have the right capabilities within the firm to adapt and succeed in the future. Temasek is constantly strengthening our leadership bench. We develop and rotate our leaders to allow them to deepen domain knowledge and gain exposure for broader leadership positions. We also augment our internal teams with external hires who bring complementary and/or differentiated capabilities. Advancing our Corporate Strategy – We developed our Temasek 2030 (T2030) strategy as a roadmap for the decade, and to serve as our compass in an increasingly complex world. Gabriel Lim will join Temasek on 1 October 2024 as Joint Head, Corporate Strategy. He is currently Permanent Secretary (Policy) at the Ministry of Trade and Industry, and he comes with deep experience in strategy development and stakeholder management, both in the public sector and from his extensive engagements with the private sector. In this role, Gabriel will help develop and drive key corporate strategies to support the implementation of our T2030 roadmap. This includes differentiating Temasek from our peers, and strengthening our positioning with partners and key stakeholders. He will work alongside senior management and with teams across the organisation to position Temasek for long-term growth and success. Gabriel will partner Lim Ming Pey, Joint Head, Corporate Strategy, to oversee the function. Partnering our Portfolio Companies – Our Singapore-based Temasek Portfolio Companies (TPCs) account for approximately 40% of our portfolio value and are key in anchoring our resilient and forward-looking portfolio. Our Portfolio Development Group (PDG) works closely with these TPCs to pursue value uplift initiatives and increase shareholder value, as per our existing governance framework. We will strengthen our PDG team with new senior leaders who bring with them a diverse and complementary set of industry, strategy, and operating experiences. Joining Juliet Teo, who currently leads PDG, are industry veterans Eng Aik Meng and Dinesh Khanna. All three will be appointed Joint Heads, PDG, and they will engage and partner our portfolio companies in their respective growth, innovation, and/or transformation journeys. Aik Meng will join Temasek on 1 September 2024. He is a corporate veteran and entrepreneur with over 30 years of global experience in the healthcare and maritime industries. He comes with strong business and operating experience and a proven track record working with private equity investments that have generated consistent returns and shareholder value. Dinesh will join Temasek in mid-October 2024. He has over 20 years of global strategy consulting experience, spanning numerous industries and regions. Throughout his career, he has worked with leading companies in their business and organisational transformations – to achieve regional and global leadership, and accelerate value realisation. Juliet has been part of the PDG leadership team since 2020. She has close to 30 years of investing and portfolio development experience across sectors such as Telecommunications, Media, Technology, Transportation, Logistics, and Industrials. She possesses deep institutional knowledge, and has worked extensively with our portfolio companies in their corporate restructuring efforts over the years.” More info below:
“ Singapore $288 Billion Temasek Senior Leadership Announcement: Appoints Permanent Secretary Gabriel Lim as Joint Head of Corporate Strategy Alongside Lim Ming Pey, Eng Aik Meng & Dinesh Khanna to Join Temasek as Joint Heads of Portfolio Development Group (PDG) Alongside Juliet Teo “
Dilhan Pillay, Executive Director and CEO, Temasek Holdings: “Reflecting on my own leadership journey in Temasek, I benefitted from the multiple roles and exposure gained across our investment, portfolio management, regional market and corporate functions. We want to provide our next-generation leaders with the same opportunities to learn and stretch themselves in various appointments and responsibilities. This is crucial in ensuring that Temasek stays agile and adaptable in an era of unprecedented global challenges. We have taken a similar approach when developing our younger leaders – such as Jane Atherton, Fock Wai Hoong, Nagi Hamiyeh, Lim Ming Pey and Png Chin Yee, just to name a few.”
Chan Wai Ching, Chief Corporate Officer, Temasek: “While it is important to develop our internal leaders, we also bring in external talent to augment and strengthen our bench. Dilhan, Song Hwee and other colleagues are examples of talent who had joined Temasek after achieving professional success in other industries and domains. People are our greatest asset. We believe in the holistic development of our talent, including instilling in them Temasek’s ethos of doing things today with tomorrow in mind, so every generation prospers.”
Growing our Leaders – Our ongoing talent development efforts enable our leaders to gain diverse global experiences, foster adaptability, and inspire creative problem-solving and innovation skills. Our younger leaders are rotated across markets, sectors, and functions, and are given the opportunity to participate in management committees for greater exposure to strategy, investment, and non-investment matters. We develop and curate executive development programmes for our managers to hone their leadership and management skills, and they are also mentored by our senior leaders to help broaden their perspectives and insights.”
Biographies
Gabriel Lim – Gabriel Lim will join Temasek on 1 October 2024 as Joint Head, Corporate Strategy. Appointed as Permanent Secretary (Policy) of the Ministry of Trade and Industry in April 2019, Gabriel is responsible for formulating policies to grow Singapore’s economy and strengthen its enterprises. His extensive career includes roles as Permanent Secretary at the Ministry of Communications and Information, Principal Private Secretary to Prime Minister of Singapore, and various positions in the Ministry of Defence, Ministry of Health, Public Service Division, and Infocomm Media Development Authority. Gabriel serves on the Board of Directors for the National Research Foundation, St. Joseph’s Institution International, St. Joseph’s Institution International Elementary School, CapitaLand Investment Limited, and the East Asian Institute.
Eng Aik Meng – Aik Meng will join Temasek on 1 September 2024 as Joint Head, Portfolio Development Group. As co-founder and Group CEO of TE Asia Healthcare Partners, Aik Meng has significantly advanced specialty healthcare investments and operations in Asia. Previously, he was Group COO of Fortis Healthcare International, overseeing international businesses and leading post-merger integration programmes. – Aik Meng is a board member of 65 Equity Partners and SATS Ltd. He was previously a Senior Advisor to TPG Capital, holding various board positions in their portfolio companies. Before pivoting to healthcare, Aik Meng was a recognised leader in the maritime industry, culminating in his career as President of American President Lines, a shipping subsidiary of Neptune Orient Lines.
Dinesh Khanna – Dinesh will join Temasek in mid-October 2024 as Joint Head, Portfolio Development Group. Dinesh is currently Managing Director and Senior Partner at BCG. Since joining BCG in 2002, Dinesh has held several senior leadership roles, such as Global Chair of the People Team and member of the Executive and Operating Committees. He also served in several leadership capacities, including Worldwide Leader of Global Advantage Practice and Corporate Development Practice. He also led the Corporate Development and Private Equity for Asia region and was Head of BCG Singapore. Under his stewardship, BCG underwent substantial workforce innovation. Prior to joining BCG, Dinesh co-founded a startup in India.
Dilhan Pillay – Dilhan Pillay joined Temasek in September 2010. He was appointed Executive Director and CEO of Temasek Holdings on 1 October 2021 and is concurrently the CEO of Temasek International, a position he has held since April 2019. In his prior leadership roles in Temasek, Dilhan led the Singapore, Europe and Americas market teams, as well as the Investment, Portfolio Management, and Enterprise Development teams. Prior to Temasek, Dilhan was Managing Partner at WongPartnership LLP.
Chia Song Hwee – Chia Song Hwee joined Temasek in October 2011. He is currently Deputy Chief Executive Officer. Song Hwee has held various leadership roles in Temasek, such as helming the Investment, Credit Portfolio, Strategy, and Portfolio Management teams and market teams in Singapore and China. Prior to Temasek, Song Hwee was the CEO of Chartered Semiconductor Manufacturing Ltd (Chartered) prior to its integration with GlobalFoundries where he served as the Chief Operating Officer.
Jane Atherton – Jane joined Temasek in May 2017. She is based in New York and is currently Head, North America overseeing Temasek’s investing activities and driving our franchise development efforts in the region. Jane previously led Temasek’s Financial Services sector in North America. Prior to joining Temasek, Jane spent over 20 years in the Investment Banking Division at Citigroup in both the US and the UK, and where she led their Financial Technology investment banking franchise.
Fock Wai Hoong – Wai Hoong joined Temasek in August 2019. He is currently Head of Southeast Asia and Head of Technology & Consumer (Asia) at Temasek. Prior to joining Temasek, Wai Hoong was a Partner at General Atlantic leading their Southeast Asia investing programme and previously was a Managing Director at CVC Capital Partners. Earlier in his career, Wai Hoong held a variety of investment management and investment banking roles in San Francisco at firms including Headlands Capital Partners, LLC, Blum Capital Partners LP, and Morgan Stanley.
Nagi Hamiyeh – Nagi joined Temasek in September 2005. He is currently Head, Europe, Middle East & Africa region. Nagi has led teams across various sectors, functions, and markets. These included teams such as Africa & Middle East; Resources; Consumer and Industrials; Investment Group; Enterprise Development Group; and Portfolio Development Group (PDG). Nagi had helped to set up PDG in 2020, and was key in partnering several of our Temasek Portfolio Companies in their strategic reviews and business repositioning. Prior to Temasek, Nagi was a banker at Credit Suisse First Boston’s Energy Group. He began his career at Bain & Company.
Lim Ming Pey – Ming Pey joined Temasek in June 1999. She is currently Chief of Staff, Executive Office; Deputy Chief Corporate Officer; and Joint Head, Corporate Strategy. Ming Pey began her career at Temasek as an Investment Officer. She has been involved in the firm’s investments in Financial Services, Technology, and Private Equity Funds. Subsequently, Ming Pey transitioned to the Organisation & People department, where she focused on leading organisational development. In this role, she was responsible for overseeing staff engagement initiatives, and supported the firm in areas such as organisation planning, change management and internal communications.
Png Chin Yee – Chin Yee joined Temasek in July 2011. She is currently our Chief Financial Officer. Chin Yee has led teams across sector, market and function such as Financial Services; China; and Portfolio Strategy and Risk Group. Before joining Temasek, Chin Yee was Managing Director with UBS AG where she was Joint Head of the Financial Institutions Group for Asia investment banking.
Juliet Teo – Juliet joined Temasek in April 1996. She is Joint Head, Portfolio Development Group and Head, Singapore Market. Juliet has held various leadership roles across the investment team, including Telecommunications, Media, Technology, Transportation, Logistics, and Industrials. She has also been involved in shaping various institutional initiatives within Temasek including organisational structures, talent development and governance framework. Prior to joining Temasek, Juliet was with Singapore Press Holdings.
About Temasek – Temasek is a global investment company headquartered in Singapore, with a net portfolio value of S$389 billion (US$288b, €267b, £228b, RMB2.08t) as at 31 March 2024. Marking our unlisted assets to market would provide S$31 billion (US$23b, €21b, £18b, RMB166b) of value uplift and bring our mark to market net portfolio value to S$420 billion (US$311b, €289b, £247b, RMB2.25t). Our Purpose “So Every Generation Prospers” guides us to make a difference for today’s and future generations. Operating on commercial principles, we seek to deliver sustainable returns over the long term. We have 13 offices in 9 countries around the world: Beijing, Hanoi, Mumbai, Shanghai, Shenzhen, and Singapore in Asia; and Brussels, London, Mexico City, New York, Paris, San Francisco, and Washington, DC outside Asia.
Singapore $288 Billion Temasek Senior Leadership Announcement: Appoints Permanent Secretary Gabriel Lim as Joint Head of Corporate Strategy Alongside Lim Ming Pey, Eng Aik Meng & Dinesh Khanna to Join Temasek as Joint Heads of Portfolio Development Group (PDG) Alongside Juliet Teo
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