Latest news with #GabrielLim
Straits Times
29-04-2025
- Business
- Straits Times
Former top civil servant to join asset manager Seviora
Temasek's joint head of corporate strategy Gabriel Lim is set to take over as chief executive of Seviora Holdings on Sept 1. PHOTO: TEMASEK SINGAPORE - Temasek's joint head of corporate strategy Gabriel Lim will join Seviora Holdings, an asset management firm backed by the investment company, as chief executive officer-designate on May 1, 2025. The former top civil servant will also be appointed to Seviora's board. He is set to take over as chief executive on Sept 1, succeeding Mr Jimmy Phoon, who is retiring on Aug 31. Mr Phoon will remain on the board to support a 'smooth leadership transition', Seviora said on April 29. Headquartered in Singapore, Seviora Group is an independent asset manager wholly owned by Temasek. It has US$54 billion (S$70 billion) in assets under management as at Dec 31, 2024, and a team of more than 210 investment professionals, with offices in Singapore, India, China, Indonesia and the United Arab Emirates. Mr Lim's appointment comes seven months after he joined Temasek in October 2024. He currently oversees corporate strategy alongside Ms Lim Ming Pey, who also serves as chief of staff in the executive office and deputy chief corporate officer. Seviora Holdings chairman Goh Yew Lin said Mr Lim 'brings a wealth of experience and a fresh perspective' to the company. 'His extensive experience in strategy development and stakeholder engagement will be an asset to the firm,' he added. Mr Lim began his career in public service in 2000 and has served in various roles cross several ministries, including as principal private secretary to then Prime Minister Lee Hsien Loong from 2011 to 2014. In 2014, he was appointed chief executive of the then Media Development Authority (MDA), where he helmed efforts to regulate and develop the media industry, and led the merger of MDA with the Infocomm Development Authority to form the Infocomm Media Development Authority. Mr Lim was appointed Ministry of Trade and Industry Permanent Secretary in 2019, and subsequently re-designated as Permanent Secretary for Policy at the ministry four years later. In 2020, Mr Lim was recognised for his contributions to the public service with the Public Administration Medal (Gold), which is given to public servants who have demonstrated outstanding efficiency, competence and industry. Join ST's Telegram channel and get the latest breaking news delivered to you.
Business Times
29-04-2025
- Business
- Business Times
Temasek's Gabriel Lim to lead Seviora Holdings as CEO
[SINGAPORE] Temasek Holdings' head of corporate strategy Gabriel Lim will exit his post to lead the Temasek-owned asset management group Seviora Holdings, the group announced in a statement on Tuesday (Apr 29). Lim will join the group on May 1 as designated chief executive officer, and will also be appointed to the board. He will assume the position of CEO on Sep 1, 2025. He will replace current CEO Jimmy Phoon, who joined Seviora in 2020 from asset management firm Seatown Holdings, which is wholly owned by Seviora Group. Phoon will retire when Lim assumes the role, but will remain on the group's board to ensure a smooth transition, said Seviora. Temasek established the Seviora Group in October 2020 with an initial S$75 billion of assets under management. The group, wholly owned by Temasek, acts as the operational holding company for five asset managers affiliated to the state investment firm. These are Azalea Investment Management, Fullerton Fund Management, InnoVen Capital, Seatown Holdings and Seviora Capital. The group operates primarily in Singapore, India, China, Indonesia and the United Arab Emirates, providing global investors access to public and private markets. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Lim will work with Seviora's board and management to drive the 'next phase of growth' for the group, the statement said. 'This includes raising the group's assets under management, improving returns and expanding the range of investment solutions for investors,' the group added. Lim joined Temasek in October 2024, having previously served as permanent secretary of policy at the Ministry of Trade and Industry (MTI). At Temasek, Lim led the company's corporate strategy function with joint-head Lim Ming Pey. In his 24 years in the public service from 2000, Lim served appointments across various ministries, including as principal private secretary to then prime minister Lee Hsien Loong from 2011 to 2014. In 2014, Lim led the former Media Development Authority as chief executive, before joining the former Ministry of Communications and Information in 2016 as permanent secretary. He was then appointed permanent secretary of MTI in 2019. 'Lim's extensive experience in strategy development and stakeholder engagement will be an asset to the firm,' said Seviora chairman Goh Yew Lin.
