Vertex Holdings will appoint Temasek CEO Dilhan Pillay Sandrasegara as Chairman from 15 April, as the firm posted more than US$100 million in FY2025 profit.
He will succeed Teo Ming Kian, who is retiring from the Board, while Deputy Chairman Lee Kheng Nam will also step down.
The Singapore-based venture capital firm said its FY2025 result was supported by portfolio exits, listings and valuation gains.
Dilhan previously served on the Vertex Holdings Board from 2015 to 2018.
Vertex said at least five portfolio companies could pursue listings over the next 12 months, subject to market conditions.
The group manages close to US$7 billion in assets across Asia, Israel and the United States. It is a wholly owned subsidiary of Temasek Holdings.
During Teo’s tenure, Vertex grew from nearly US$200 million in assets in 2012 to close to US$7 billion.
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