The wife of Singapore Prime Minister will leave the CEO position of the leading investment fund in the region

The leading regional investment fund Temasek Holdings this morning, February 9, announced that Ms. Ho Ching would resign as CEO on October 1.

Temasek Holdings’ investment portfolio amounted to $ 230 billion as of March 31, 2020.

According to CNBC TV channel, Ms. Ho Ching, the wife of Singapore Prime Minister Ly Hien Long, has been the CEO of Temasek since 2004. This is a state capital investment fund under the Singapore Ministry of Finance and currently one of the major investors best of the world. The fund’s investment portfolio amounted to S $ 306 billion ($ 230 billion) as of March 31, 2020.

The selection of a successor at Temasek was widely discussed many years ago. Ms. Ho Chinh originally intended to leave the “chair” of CEO in October 2009, but then continued to hold this position when the appointed CEO, Mr. Charles Goodyear left Temasek.

Ho Ching’s successor is Mr. Dilhan Pillay Sandrasegara – incumbent CEO of Temasek International, an investment arm of Temasek Holdings. Was business attorney, mister Dilhan Pillay Sandrasegara joined Temasek 10 years ago and will become CEO of Temasek International in 2019. Dilhan Pillay Sandrasegara will retain his role at Temasek International after becoming CEO of Temasek Holdings.

In the early days of its establishment, Temasek Holdings mainly invested in Singaporean companies, but then grew to become a major global investor. Temasek Holdings’ 2020 annual report shows that the fund’s assets in China account for 29% of its total portfolio, followed by Singapore at 24%, and North America at 17%.

In the Vietnamese market, Temasek also marked with remarkable deals. At the end of October 2019, Temasek invested in Scommerce – the parent company of Express Delivery Services Joint Stock Company (GHN) and Instant Services Joint Stock Company (AhaMove). The value of the deal is not officially announced but is rumored to be around $ 100 million. In mid-2020, Temasek belongs to a group of investors to buy shares of Vinhomes Joint Stock Company through an agreement transaction with the amount spent by Temasek of 200 million USD.

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