Keppel, a fund manager and operator, is set to exceed its target of S$100 billion in funds under management by the end of 2026, according to its CEO Loh Chin Hua. In his New Year’s message to employees, Loh highlighted the company’s progress in asset monetisation, despite facing headwinds in markets such as China’s real estate sector.
## Sustaining Growth through Asset Monetisation
Keppel plans to work towards “sustainably monetising” its non-core portfolio by 2030, aiming to free up significant capital to fund growth, reduce debt, and reward shareholders. The company has made notable progress in optimising the speed and exit value of its divestments through its Accelerating Asset Monetisation Task Force, established in early 2025.
## Digitalisation for Enhanced Growth
Keppel continues to leverage digitalisation to drive growth and improve its operational efficiency. The company’s funds under management reached S$91 billion by mid-2025, up from S$88 billion at the end of 2024. This performance keeps Keppel on track to surpass its target of S$100 billion by the end of 2026.
## A Strong Foundation for Future Growth
In the first nine months of 2025, Keppel announced plans to monetise about S$2.4 billion in assets, including the proposed sale of M1’s telco business. This move brought the group’s total asset monetisation since October 2020 to about S$14 billion, counting the 2023 divestment of Keppel Offshore & Marine. By focusing on asset monetisation and digitalisation, Keppel is well-positioned to drive growth and create value for its stakeholders.
