Singapore, Friday, 25 September 2026 – Ms Susan Wagner will join Temasek’s Board with effect from 1 October 2026.

Ms Wagner co-founded BlackRock in 1988 and has held several leadership positions, including Vice-Chairman from 2006 until her retirement in 2012. She previously served as Chief Operating Officer and oversaw BlackRock’s 2009 merger with Barclays Global Investors. She also helped drive the firm’s expansion into Asia, the Middle East, and Latin America. Ms Wagner remains on BlackRock’s board, and also serves as Director on the Boards of Apple and Color Health. She previously served on the Boards of Swiss Re, Samsara Inc., and Wellesley College.

Announcing the appointment today, Temasek Holdings Chairman, Mr Teo Chee Hean, said the Board would benefit from her global investment expertise and extensive private sector leadership experience.

“We are pleased to welcome Sue to the Temasek Board. Sue brings deep global investment expertise, capital markets and governance experience, together with a strong track record of building and scaling businesses across diverse markets and sectors. Her perspectives will strengthen the Board as Temasek continues to build a resilient and forward-looking portfolio, and we look forward to her contributions.” Mr Teo said.

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About Temasek

Temasek is a global investment company headquartered in Singapore, with a net portfolio value of S$518 billion (US$401b, €350b, £304b, RMB2.77t) as at 31 March 2026.

Our Purpose “So Every Generation Prospers” guides us to make a difference for today’s and future generations. We seek to build a resilient and forward-looking portfolio that will deliver good sustainable returns over the long term. 

We have 13 offices in 9 countries around the world: Beijing, Hanoi, Mumbai, Shanghai, Shenzhen, and Singapore in Asia; and Brussels, London, Mexico City, New York, Paris, San Francisco, and Washington, DC outside Asia.

About Ms Susan Wagner

Ms Wagner is a co-founder and Director of BlackRock, one of the world’s leading asset management firms, where she served as Vice Chairman and Chief Operating Officer and was a member of the Global Executive and Operating Committees. During her 25-year executive career with the company, Ms Wagner led strategy and corporate development, and coordinated the firm’s strategic initiatives, including BlackRock's mergers with PNC, Merrill Lynch Investment Managers, and Barclays Global Investors; joint ventures in Japan, China, and India; the firm’s initial public offering and the launch of the company’s technology business. Ms Wagner also started and ran the alternative investments and international client businesses. Ms Wagner began her career at Lehman Brothers.

Ms Wagner currently serves on the Boards of BlackRock, Apple, and Color Health. Her previous board appointments include Samsara Inc., Swiss Re, and Wellesley College.

She has been widely recognised for her leadership and impact, including being named among Fortune magazine’s “50 Most Powerful Women in Business” and being included on similar lists published by The Financial Times and Crain’s New York. She has also been honoured by the National Council for Research on Women and the National Association of Corporate Directors. She also received the Women’s Entrepreneurship Day Finance Pioneer Award in 2023 and has been an active champion of women’s advancement through BlackRock’s Women’s Initiative Network.

Ms Wagner earned an MBA in Finance from the University of Chicago and graduated with honours from Wellesley College with a BA in English and Economics.