Temasek Holdings Pte., a US$54 billion asset management holding company, is opening an office in Abu Dhabi, joining a number of financial companies recently established in the oil-rich emirate. The firm, known as Seviora, will be based in the financial hub of ADGM City, Seviora has reported. Seviora Group is an independent asset management group headquartered in Singapore, which as of December 31, 2024, managed US$54 billion in assets and is wholly owned by Temasek.
Seviora Group provides global investors with access to a broad range of investment strategies across both public and private markets. The group has a strong talent pool of over 210 investment professionals supported by over 235 staff, with key offices in Singapore, India, China, Indonesia and the UAE. Seviora Group aligns with its investors through significant investments in its underlying funds, both through investment capital and resources, giving them scale and competitive advantage. Seviora Group’s asset management companies (AMCs) include Azalea Investment Management, Fullerton Fund Management, InnoVen Capital, SeaTown Holdings International and Seviora Capital.
Asset Management Industry
Located in ADGM, the new office will help Seviora connect with the region’s growing asset management industry, focusing on strengthening relationships with investors, thought leaders and the wider ecosystem of asset managers and financial institutions. Sadiq Hussain has been appointed as Senior Executive Director. He will lead Seviora’s initiatives and development in the region. Sadiq Hussain said: “Seviora’s expansion into Abu Dhabi is a critical component of its growth trajectory and engagement with the region. ADGM offers a world-class environment that fosters innovation, investment and financial services, and the creation of long-term value. I look forward to developing our regional strategy and deepening our engagement with institutional investors.
Seviora Group, a leading Asian asset management group with US$54 billion in assets under management and headquartered in Singapore, announced the establishment of its Middle East office within ADGM. The new office, in conjunction with Seviora’s existing offices in Singapore, India, China and Indonesia, will support the firm’s expansion in Asia and beyond, enabling it to better grow and offer tailored investment solutions, co-investment opportunities and strategic partnerships to sovereign wealth funds, pension funds, global banks and family offices.
Strategic Importance of the Middle East
Jimmy Foon, CEO of Seviora Group, commented: “As we continue to grow Seviora’s footprint, we are embarking on several partnerships to capture interest in Asia and beyond. The opening of our new office in Abu Dhabi marks an important step in our international expansion and underscores the strategic importance of the Middle East in our development plans. This move paves the way for further successful partnerships with local investors to match their rapid pace of development. By investing our own capital alongside our clients, Seviora is fully aligned with clients on investment outcomes.”
Seviora Group offers a path to Asia’s most attractive investment opportunities, deepening access to the world’s most dynamic markets while providing differentiated investment and financing solutions across public and private markets. With investment capabilities spanning private credit, private equity, liquid and semi-liquid strategies, traditional active and liquidity management solutions, Seviora has over 210 multi-disciplinary investment professionals across five asset management companies (AMCs). Arvind Ramamurthy, Director of Market Development at ADGM, said: “We are delighted to welcome Seviora Group to ADGM, further strengthening Abu Dhabi’s reputation as a trusted global financial hub. The establishment of Seviora’s regional headquarters at ADGM reflects our growing international appeal and the continued expansion of our global network.”