Senior Management

In line with global best practices of international investment companies, Temasek International (TI) was set up in 2011 as the management arm of Temasek. Today, TI houses all our management and staff; with the exception of the Temasek CEO and CFO, who continue to be employed under Temasek Holdings (TH).

Operating as OneTemasek, our management team implements the strategy and policy directions set by the Temasek Board to fulfil our three roles as investor, institution and steward. Levels of authority for investment, divestment and other operational matters are defined according to our Board’s delegation.

On 1 October 2021, Dilhan Pillay, CEO of TI, assumed the concurrent position of Executive Director and CEO of TH, succeeding Ho Ching who retired from her role as Executive Director and CEO of TH and stepped down from the Board. On the same date, Lee Theng Kiat retired from his executive role at TH but remains as the non-executive Chairman of TI, providing oversight of Temasek’s commercial strategies and portfolio matters. Theng Kiat remains as a non-executive Director of the TH Board and Chairman of TI, and was appointed to the Leadership Development and Compensation Committee (LDCC).

Led by Dilhan, the Global Executive Council (GEC) was formed on 1 October 2021. Comprising a group of senior executives, the GEC has the strategic and institutional accountability to oversee Temasek’s key business strategies and organisational initiatives.

Our leadership oversees our team and portfolio with the support of the following committees:

• Senior Divestment and Investment Committee (SDIC)
• Senior Management Committee (SMC)
• Strategy, Portfolio and Risk Committee (SPRC)

The SDIC manages and shapes our portfolio on an ongoing basis and decides on investments and divestments up to the authority limits as delegated by our Board. Investment proposals beyond these authorisation limits are escalated to the ExCo and/or the Board as warranted.

The SPRC reviews macroeconomic, political, industry, technological and social trends that provide the context in which new opportunities and risks may arise, in both existing and new markets. It also reviews our overall portfolio construction efforts and investment strategies.