Singapore: Leading corporate attorney Dilhan Pillay Sandrasegara, originally from India, will succeed Ms. Lee Hsien Loong as chief executive officer and executive director of a government wealth management group.
On October 1st, Sandrasegara will succeed Ho Ching, who has held management positions at the Temasek Holdings asset management group since 2004.
“Executive succession is the strategic responsibility of the board of directors,” said Lim Boon Heng, chairman of Temasek Holdings.
“We have conducted an annual review since the early 2000s. This should allow the board to be prepared for all eventualities, with various succession options over different time horizons,” Channel News Asia reported on Tuesday, citing Lim.
Lim described Sandrasegara as an established senior corporate attorney who joined Temasek 10 years ago “with a sense of mission and purpose”.
Sandrasegara has since played “several critical roles” at Temasek, including a two-year stint as head of the American division based in New York.
In 2019 he was appointed CEO of Temasek International, where he was responsible for Temasek’s investor role and led its investment and portfolio activities.
Sandrasegara will remain CEO of Temasek International after October 1st.
In his new role as CEO of Temasek Holdings, Sandrasegara will be responsible for the group’s stewardship role, “particularly with regard to Temasek’s constitutional responsibility to safeguard its own past reserves,” said Lim.
Lim also recognized Ho for her leadership roles
Indeed, she (Ho) has been very active over the years, working to identify various potential successors inside and outside Temasek. She has also played a key role in maintaining a strong leadership bank in Temasek, some of which went on to Appointments to CEOs outside Temasek, “he said.
Sandrasegara said it was an honor for him to take on the new appointment.
“As we continue our mission to deliver sustainable returns over the long term beyond our current generation, our commitment to building a better and more sustainable world will be central to our success,” he said.
“Our collective focus will be on doing right and doing well, even as we strive to do well with conviction and intent while keeping things clear on our minds today and tomorrow,” he said.