The appointments come as Temasek undertakes a sweeping reorganization designed to navigate a more fragmented global investment environment and position the firm for its next phase of growth. In April, Temasek reorganized into three entities managing different portfolios: global direct investments; Singapore-based Temasek portfolio companies (TPCs); and partnerships, funds, and asset management companies (PFAs).
“The rules-based order that we’ve been used to, that we’ve been able to rely upon as an investment firm … is changing,” Temasek CEO Dilhan Pillay said during a 2025 press conference. “The United States has got a very clear objective of ‘America first,’ and other countries are now trying to figure out how to operate within that framework.”
Png joined Temasek in 2011 after a career at UBS and has held some of the firm’s most demanding roles, including head of financial services and senior managing director for China investments. She became CFO in January 2023, succeeding longtime finance chief Leong Wai Leng.
She helped found the Temasek Women’s Network and has urged leaders to be intentional about elevating women’s voices. “Whether you’re in a leadership position or just starting out, we all have a duty to act,” she wrote in a recent LinkedIn post.
