Former top civil servant to join asset manager Seviora
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.
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