Temasek sets up Americas Advisory Panel

Singapore’s sovereign investor has formed an advisory panel which includes the former chairman and chief executive of Bunge, Alberto Weisser (pictured).

Singapore’s state investment company Temasek Holdings has launched a US advisory panel of business leaders, including Alberto Weisser, former chairman and chief executive of agribusiness Bunge.

They will provide Temasek with expert advice on issues relevant to its investment activities, the panel said in a statement.

The Temasek Americas Advisory Panel (TAAP) also includes Timothy Geithner, president of Warburg Pincus, who will serve as chairman; David Cote, chairman and chief executive of Honeywell International; and Ellen Kullman, former chairman and chief executive of DuPont.

The other members are Richard Levin, chief executive of online education platform Coursera; Indra Nooyi, chairman and chief executive of food and beverage giant PepsiCo; Ronald Sugar, former chairman and chief executive of defence company Northrop Grumman Corporation.

“As Temasek increases our presence across the Americas, 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,” Dilhan Pillay Sandrasegara, president and head of Americas at Temasek, said.

The advisory committee will work with Temasek’s European Advisory Panel, which was launched in January, to shape its global investment strategies. Among its members are Ian Davis, chairman of Rolls-Royce and Michael Diekmann, former chief executive of Allianz.

Temasek has more than S$266 billion ($197 billion; €174 billion) of assets as of March 2015, up S$43 billion from the previous year.

Its top three sectors for investments are consumer, life sciences & agriculture, and financial services.

In April this year, Temasek reorganised its key management personnel to navigate “challenging times” and protect its portfolio. Senior executives Song Hwee Chia and Dilhan Pillay were appointed as co-presidents to work alongside current president Gregory Curl.

The firm invested $41.5 million in Star Agriwarehousing in April 2014 to strengthen the Indian agri supply chain. It also invested $104 million in Indian agribusiness Godrej Agrovet in 2012.