Temasek Holdings forms Americas' advisory panel with eye on investments
[SINGAPORE] Singapore's state investment group has formed an advisory group comprising executives from multinational companies including PepsiCo and Honeywell International as it seeks to expand in the Americas.
The Temasek Americas Advisory Panel (TAAP) is being chaired by former US Treasury Secretary Tim Geithner and members include Pepsi Co's CEO Indra Nooyi and Honeywell's CEO David Cote, it said in a statement late on Thursday.
The panel held its inaugural meeting on June 14-15 in New York. Temasek formed a similar advisory group for Europe in January. "Our TAAP members will provide us with the benefit of their experience and insights as we seek opportunities against the backdrop of an increasingly challenging global macro environment," said Dilhan Pillay Sandrasegara, Temasek's President and Head of Americas.
Sandrasegara recently took over as head of Americas from former Credit Suisse banker Boon Sim who left the position in May.
Temasek, a major global investor with stakes in Standard Chartered, Chinese banks and Singapore's top companies, managed about S$266 billion as of March 31, 2015.
The bulk of its portfolio is still in Asia, but in recent years it has been increasing investments in North America, Europe and Latin America.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
China central bank flags bond investment risks to some financial institutions: sources
Xi tells Blinken US, China should be 'partners, not rivals'
Indonesia’s push for regional economic integration to continue under Prabowo: Vivian Balakrishnan
Outgoing Singapore, Indonesia leaders to hold their final retreat in Bogor on Apr 29
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer