Keppel seeks stronger valuations with reorganisation
The group plans to significantly scale its assets under management to S$200 billion by 2030
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Yong Jun Yuan &
Vivienne Tay
KEPPEL Corporation will simplify its organisational structure into a new “horizontally integrated operating model” amid plans to transform into a global alternative real asset manager.
The reorganisation will remove the group’s conglomerate structure in favour of one which comprises fund management, investment and operating platforms, Keppel said on Wednesday (May 3).
Keppel Corp chief executive Loh Chin Hua said the group’s business model allows it to earn different streams of recurring fee income, which will enhance earnings resilience. “Coupled with faster capital recycling, we will be able to scale up and drive the group’s growth without relying just on our balance sheet, allowing us to expedite the achievement of our 15 per cent return on equity target,” he added.
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