Azalea Investment Management has announced that Margaret Lui, who served as chief executive officer since the company’s founding in 2015, will be retiring from Azalea on 31 March 2025.
She will be succeeded by Chue En Yaw, chief investment officer of the firm, while retaining his CIO responsibilities.
Chue (pictured) has been instrumental in shaping the evolution of the Astrea platform, beginning with his involvement in Astrea II when he was at Temasek, according to a press release by the Singapore-based firm.
Since joining Azalea in 2018, Chue has also led the development of the Altrium platform, enabling accredited investors to access private equity funds globally while overcoming the traditional challenges of accessing PE.
Stepping into his new role from 1 April 2025, Chue will continue to play a pivotal role in guiding Azalea’s future growth.
Azalea is wholly-owned subsidiary of Seviora, and indirectly owned by Temasek Holdings. It currently manages about $11bn in assets
At a dinner celebrating the firm’s 10th anniversary, which featured an address by guest of honour, Ho Ching, chairman of Temasek Trust, Lui was commended for her “visionary leadership…with notable achievements such as the successful launches of the Astrea PE Bonds and Altrium PE Funds”.
Her retirement also marks the end of her 40-year career with the Temasek group, although she will continue to remain on the investment committees of existing Altrium funds.
