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Temasek Completes Sales Of US-Listed Banks Including Morgan Stanley

Temasek makes moves towards its new focus on Fintech.



As they continue to focus more on fintech and other new-economy investment areas, Temasek Holdings Pte have recently finalised sales of all of their U.S listed banks, exiting their holdings from the likes of Goldman Sachs Group Inc and Morgan Stanley.

With Temasek's portfolio on a financial roll, climbing 12 percent to S$308 Billion, the recent pull out of U.S banks is a clear indication of their new found focus on new areas.  


Temasek Senior Managing Director for China Png Chin Yee said last month “almost all of our exposure before 2011 was actually in banks,” when asked about the group’s financial services exposure. “Today, insurance is about 15 percent of the overall financial services portfolio and really we went into insurance because of the theme around rising affluence,” she said at the time. “Then later we identified payments as a very interesting sector given the rise of e-commerce. We felt that digital payments, online payments were growing in importance and so our payments portfolio is now around about 3 percent of the overall financial services portfolio.”