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Finance

Ho Ching to retire as CEO of Singapore investment giant Temasek

Dilhan Pillay Sandrasegara promoted internally to top role

Temasek Holdings announced that Chief Executive Ho Ching (right) will retire and Dilhan Pillay Sandrasegaraon (left) will take over the post. (Source photos by Reuters) 

SINGAPORE -- Ho Ching is to step down as CEO of Temasek Holdings, after 16 years in which the Singapore-owned investment company tripled its assets and became one of Asia's most influential state investors.

Ho, the wife of Singapore Prime Minister Lee Hsien Loong, will hand over to Dilhan Pillay Sandrasegara, CEO of subsidiary Temasek International, from Oct.1, the board of Temasek announced on Tuesday.

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