Keppel to drop conglomerate structure, targets US$150 billion assets target by 2030
Singapore's Keppel Corp on Wednesday announced a major corporate restructuring, doing away with its conglomerate form and dividing itself into three distinct units, in a bid to simplify and further grow its operations.
The fund management business will focus on capital raising, investment platform will make capital investment decisions, while the operating platform unit will subsume its other existing operations. "From a diversified conglomerate, we are accelerating our transformation to be one integrated company - a global alternative real asset manager, with deep operating capabilities in Infrastructure, Real Estate and Connectivity."
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