Singapore's Temasek is weighing a reorganisation into three investment vehicles, as the state owned investor looks to improve returns and efficiencies, Bloomberg News reported on Wednesday.
One unit would focus on the biggest local holdings such as flag carrier Singapore Airlines while the other would largely look at foreign investments, the report added, citing people familiar with the matter.
A third unit would include all of Temasek’s fund investments.
Temasek did not immediately respond to a Reuters request for comments.
The state investor, which currently allocates responsibilities by region and asset class, is considering the revamp to allow executives to sharpen their focus and improve performance, the report said.
A decision could be unveiled in the coming months, though the plan might be rolled out earlier, according to the Bloomberg report. - Reuters
