SINGAPORE - Singapore investment company Temasek is reorganising, a structure change "aimed at aligning the firm with its core priorities in these challenging global times", the company said on Tuesday (April 26).
It has also announced new appointments from May 1, it said in a statement.
The changes mainly involve some reallocation of functions across groups to strengthen the focus and improve collaboration on key organisation objectives.
These include bringing together its sector and market investment teams under a single Investment Group; constituting a new Portfolio Strategy and Risk Group.
This will "bring an increased focus to the resilience of our portfolio and better position ourselves in light of dynamic market conditions," it said.
It is also creating a new Sustainability & Stewardship Group, to lead initiatives in these two areas.
The appointment of Mr Chia Song Hwee and Mr Dilhan Pillay as presidents, and Fidah Alsagoff, Michael Buchanan, Png Chin Yee and Juliet Teo as senior managing directors will take effect from May 1.
Temasek International chief executive officer Lee Theng Kiat said in a statement: "In the future, we may continue to add additional capabilities to the business, as Temasek grows its investment portfolio and global footprint. We are always looking to create new opportunities to attract talented people to Temasek."
"We are operating in challenging times, with many uncertainties in the global economy. It highlights to all of us, at Temasek, the need to focus on protecting and working our portfolio, while continuing to build a stronger institution which positions us to meet these current and future challenges," he added.