Singapore, October 9, 2025 – Temasek Holdings, Singapore’s sovereign wealth fund, today announced the appointment of Tan Chong Meng as Deputy Chairman effective today. The appointment is made as part of a wider board leadership change, which also included the appointment of Teo Chee Hean as Chairman. The move reflects Temasek’s continued emphasis on governance enhancement, strategic review, and long-term sustainable growth.
Tan Chong Meng comes with extensive experience spanning three decades in the public and private sectors, with senior appointments in a wide variety of industries, such as banking, finance, and technology. As Deputy Chairman, he is well placed to guide on strategic initiatives, investment-making, and assisting the Board on matters of governance.
Strategic Leadership and Vision
Temasek is traditionally known for its disciplined approach to investment, international perspective, and commitment to creating sustainable value. The new appointments are meant to carry this tradition forward, with Temasek continuing to evolve in response to the fast-changing global economy.
In his new position, Tan will closely collaborate with Chairman Teo Chee Hean and the rest of the board to guide Temasek’s investment direction and governance. As part of being the Deputy Chairman, not only does it involve offering strategic advice to the Board and the management, but also ensuring fruitful collaboration between the board and Temasek’s executive teams.
Tan’s deep experience in corporate governance and strategic leadership qualify him for this position. Throughout his years, he has been a director in several boards and advisory committees where he has supported corporate turnarounds, operational excellence, and international expansion initiatives. His leadership is anticipated to support Temasek’s mission to create sustainable returns while taking strong cognizance of risk management and innovation.
Board Transition and Continuity
As part of the board transition, Lim Boon Heng, the outgoing Chairman, will step down from his role but remain as a Senior Advisor. Lim has played a pivotal role in guiding Temasek’s investment strategy over the past decade, overseeing portfolio growth across multiple sectors, and enhancing the fund’s global reputation. In his advisory capacity, Lim will continue to provide strategic guidance, ensuring continuity and a smooth handover to the new leadership.
Teo Chee Hean, who is the Chairman, was optimistic about the strength and depth of the leadership in the board. “The appointment of Tan Chong Meng as Deputy Chairman demonstrates Temasek’s emphasis on strategic continuity and effective governance. Our leadership team, collectively, is well-placed to lead the growth of the fund and drive sustainable value creation for Singapore and its stakeholders,” said Teo in a statement.
Temasek’s Ongoing Strategy
With the guidance of its board and management, Temasek has always focused on long-term, sustainable investments that reconcile growth with social and environmental responsibility. The fund has a diversified global portfolio that it invests in sectors such as technology, financial services, healthcare, and renewable energy.
Tan Chong Meng’s hiring is also likely to enhance Temasek’s strategic prowess in those domains of innovation, digitalization, and ESG factors. As markets around the world are getting more sophisticated and uncertain, his experience will play an important role in enhancing the fund’s decision-making capabilities and steering it through future opportunities and challenges.
Commitment to Sustainable Growth
Temasek’s change of leadership underscores the organization’s commitment to upholding high governance standards as it continues to generate value in the long term. With Teo Chee Hean as Chairman and Tan Chong Meng as Deputy Chairman, the board is well-placed to offer strategic direction and oversight during a time characterized by unprecedented technological change, economic volatility, and increased awareness of ESG factors.
Tan’s leadership record and strategic acumen, together with the strength of the board, can be anticipated to see Temasek at the center of investment excellence globally. His position as Deputy Chairman will be key to advising on investment approach, helping to develop management, and maintaining Temasek’s position as a responsible and forward-thinking sovereign wealth fund.
Conclusion
Tan Chong Meng’s appointment as Deputy Chairman, together with Teo Chee Hean as Chairman, is a key moment in Temasek’s governance journey. It marks the fund’s desire for robust leadership, strategic consistency, and long-term value creation. With Temasek continuing to chart global opportunities and threats ahead, its enhanced board leadership sets the company up for continued growth, innovation, and impact in the years to come.
