Global investment company Temasek is restructuring to sharpen its focus on three distinct portfolio segments as it prepares for shifting global conditions.

From April 2026, the state investor will separate its portfolio into global direct investments, Singapore-based portfolio companies, and partnerships and funds.

These will be managed by three new wholly owned entities: Temasek Global Investments (TGI), Temasek Singapore (TSG), and Temasek Partnership Solutions (TPS).

TGI will oversee global direct investments, TSG will manage Singapore-based portfolio companies, and TPS will handle partnerships, funds, and asset management.

The changes form part of Temasek’s T2030 strategy, the latest in a series of decade-long roadmaps since the 2000s.

The firm said the new entities will better align resources with strategy while strengthening overall portfolio resilience.

Leadership changes will support the transition. Chia Song Hwee becomes Co-CEO of Temasek International on 1 October 2025, alongside CEO Dilhan Pillay.

From April 2026, Chia will also serve as CEO of TGI and Deputy Chairman of TI, TSG, and TPS.

Pillay will chair all four entities while remaining Executive Director and CEO of Temasek Holdings.

Other appointments include Nagi Hamiyeh as President of TGI and Png Chin Yee as President of TSG, both concurrent with their current roles.

Seviora Holdings, Temasek’s asset management arm with over S$90 billion under management, will work with TPS to review existing businesses and explore new asset management companies.

Its CEO Gabriel Lim will lead the effort, with Pillay set to become Chairman of Seviora’s Board on 1 September 2025.

Lim Boon Heng, Chairman, Temasek Holdings, said,

“Our portfolio has evolved and grown significantly over the last two decades. As we continue our journey, these changes will enable Temasek to navigate and operate effectively, positioning it to be future-ready.

We must remain steadfast in our commitment to do well, do right, and do good. By harnessing our collective strengths, we act today with tomorrow in mind, so every generation prospers.”

Dilhan Pillay, Executive Director and CEO, Temasek Holdings, said,

“Temasek must stay agile to sense the pathways ahead and what could possibly be around the corner, adapt to the emerging realities, and perform with resilience in an ever-changing landscape.

This next step in our T2030 strategy will position us strongly for growth, by enabling us to stay laser-focused on scaling our three segments and building a resilient and forward-looking portfolio.”