Temasek Appoints Three More Board Members
9 June 2014
Singapore, 9 June 2014 – Temasek is pleased to announce the appointment of three Directors to its Board.
Mr Robert Ng Chee Siong and Mr Bobby Chin Yoke Choong will join the Temasek Board with effect from 10 June 2014, while Mr Peter Robert Voser will take up his appointment on 1 January 2015. The Temasek board size will be increased to 13 with their appointments.
The current Chairman of Sino Group in Hong Kong, a leading property group in Asia, Mr Robert Ng is also the Vice Chairman of M+S Pte Ltd where he played a key role in spearheading the real estate joint-venture initiative between Khazanah Nasional Berhad and Temasek. He is also Chairman of the Board of Governors of the popular Singapore International School in Hong Kong.
A retired Managing Partner of international accounting firm, KPMG Singapore, Mr Bobby Chin has been actively engaged in various public service appointments and also brings with him extensive experience across various industries.
Mr Peter Voser, a Swiss national, is a veteran of the energy industry, who retired as Chief Executive Officer of Royal Dutch Shell plc (Shell) in December last year.
Mr Lim Boon Heng, Temasek Chairman, said that the three new appointments would add to the depth and breadth of the Temasek Board.
“I am very pleased to welcome each of them to our Board. They are all experienced business builders and corporate leaders in regional and international arenas, who will add depth and useful perspectives to our Board deliberations,” Mr Lim added.
Recent additions to the Temasek Board included Mr Robert Zoellick from USA, on 15 August 2013 and Mr Lucien Wong, on 1 March 2013.
More about Mr Robert Ng Chee Siong
Mr Robert Ng is currently the Chairman of Sino Group, a leading property group in Asia. He has been an Executive Director of the Group since 1981 and was appointed Chairman in 1991. He was appointed Vice-Chairman of M+S Pte Ltd in 2011, following the formation of the company to spearhead the Singapore real estate joint-venture initiative between
Khazanah Nasional Berhad and Temasek.
A Barrister by early profession, Mr Ng was called to the Bar in 1975. He has been actively engaged in property investment and development in Hong Kong and the region during the last 37 years. Mr Ng chairs and serves as director of various Sino Group subsidiaries and affiliates.
He is the Chairman of Tsim Sha Tsui Properties Limited, and the Chairman of Sino Hotels (Holdings) Limited. In addition, he is a Director of the Real Estate Developers Association of Hong Kong, and a Member of the 11th and 12th National Committee of the Chinese People's Political Consultative Conference. He was formerly an Independent Non-Executive Director of The Hongkong and Shanghai Hotels, Limited.
Mr Ng has been actively involved in the setting up of the first Singapore school in Hong Kong in 1991. Starting from scratch, the Singapore International School in Hong Kong is now a premier educational institution with an enrolment of 1,400 students. Mr Ng is currently the Chairman of the School’s Board of Governors as well as Chairman of the Singapore International School Foundation. He also serves as Chairman of the Singapore Chamber of Commerce in Hong Kong.
In recognition of his service and contributions to Singapore, Mr Ng was awarded the Public Service Star in the 2001 National Day Awards, and the Meritorious Service Medal in 2008.
More about Mr Bobby Chin Yoke Choong
Mr Bobby Chin was the Managing Partner of KPMG Singapore for 13 years, from 1992 until his retirement in 2005. He has been active in the Singapore corporate and public service scenes.
Mr Chin is the Deputy Chairman of NTUC Enterprise Co-Operative Limited and a board member of Singapore Labour Foundation. He also serves as a member of the Council of Presidential Advisers.
He sits on the boards of several listed companies including Yeo Hiap Seng Ltd, Ho Bee Land Limited, AV Jennings Limited, Sembcorp Industries Ltd and Singapore Telecommunications Limited.
Mr Chin served as a board member of Urban Redevelopment Authority from 1997 to 2006 and was its Chairman from 2001 to 2006. He also served as the Chairman of Singapore Totalisator Board from 2006 to 2012. In 2008, he was appointed to chair the Committee to develop the Accountancy sector.
Mr Chin is a Fellow Chartered Accountant of Singapore and an associate member of the Institute of Chartered Accountants in England and Wales. In recognition of his service to the community and public, Mr Chin was awarded the Public Service Medal in 2003, the Public Service Star in 2011 and the Friend of Labour Award in 2013.
More about Mr Peter Robert Voser
A long time veteran of the energy industry, Mr Peter Voser served as Chief Executive Officer of Royal Dutch Shell plc (Shell) from 2009 to December 2013.
He first joined Shell in 1982 and held a variety of finance and business roles in Switzerland, the UK, Argentina and Chile, as well as Chief Financial Officer of Oil Products.
In 2002, he joined the Asea Brown Boveri (ABB) Group of Companies as Chief Financial Officer and a member of the ABB Group Executive Committee.
Mr Voser returned to Shell in October 2004, when he became Managing Director of The Shell Transport and Trading Company, plc and Chief Financial Officer of the Royal Dutch/Shell Group. In 2009, he was appointed as Chief Executive Officer of Royal Dutch Shell plc.
Mr Voser was a member of the Supervisory Board of Aegon N.V. from 2004 to 2006, a member of the Supervisory Board of UBS AG from 2005 to 2010 and a member of the Swiss Federal Auditor Oversight Authority from 2006 to 2010.
In March 2011, Mr Voser was appointed to the Board of Directors of Roche Holdings Limited. He is also Chairman of Catalyst, a non-profit organisation which works to build inclusive environments and expand opportunities for women and business and is also Chairman of the Board of Trustees of St. Gallen Foundation for International Studies. He is also active in a number of international and bilateral organisations.
Mr Voser holds a Degree in Business Administration from the University of Applied Sciences, Zürich. In July 2011, His Majesty the Sultan of Brunei awarded him the title of Dato Seri Laila Jasa in recognition of his services to Brunei.
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Incorporated in 1974, Temasek is an investment company based in Singapore. Supported by 11 offices globally, Temasek owns a S$215 billion portfolio as at 31 March 2013, with 71% of its underlying assets in Asia (including Singapore), and 25% in the mature economies of North America, Europe and Australia & New Zealand.
Temasek's investment themes centre on:
- Transforming Economies
- Growing Middle Income Populations
- Deepening Comparative Advantages
- Emerging Champions
Temasek's portfolio covers a broad spectrum of industries: financial services; transportation, logistics and industrials; telecommunications, media & technology; life sciences, consumer & real estate; energy & resources.
Total shareholder return since inception in 1974 has been 16% compounded annually. The company has had a corporate credit rating of AAA/Aaa since its inaugural credit rating in 2004, by rating agencies Standard & Poor's and Moody's respectively.
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