Temasek Holdings has named Tan Chong Meng as its new deputy chairman, while Blackstone has appointed Apurv Shah as its first India private credit head.
Temasek names Tan Chong Meng deputy chairman
Singapore’s Temasek Holdings has named veteran executive Tan Chong Meng as deputy chairman effective Oct. 9, 2025, as senior minister Teo Chee Hean takes over as chairman and outgoing chair Lim Boon Heng stays on as senior adviser.
Temasek said Lim’s advisory role will allow the board and management to tap his network and insights during the transition. Tan has been a non-executive director and member of Temasek’s executive committee since April 1, 2024.
Tan spent 12 years as group chief executive of PSA International. Before PSA, he led global businesses at Royal Dutch Shell and earlier worked at Singapore’s Ministry of National Development.
He is chairman of the National University Health System and sits on the Council of Presidential Advisers and the National University of Singapore’s board of trustees.
Blackstone appoints India private credit head
Blackstone Credit & Insurance, the credit and insurance arm of US alternative asset manager Blackstone, has made its first hire in India, appointing Apurva Shah as managing director to lead private credit origination, according to an announcement.
In the role, Shah reports to Mark Glengarry, head of APAC for private credit strategies. He will be based in Mumbai.
Shah brings more than 26 years of experience in leveraged finance, securitisation, structuring, M&A advisory, and capital markets. He spent about two decades in senior roles at Deutsche Bank and previously worked at Citigroup, DSP Merrill Lynch, and Dresdner Kleinwort Benson.
Blackstone said it has been investing in India for around 20 years, with sizeable real estate and private equity platforms. The appointment is the first for its credit and insurance business in the country and comes as private credit gains traction among corporate borrowers and sponsors.
