Seviora Group, a Singapore-headquartered asset management group wholly owned by Temasek, has announced the establishment of its Middle East office in Abu Dhabi Global Market (ADGM).
The firm, which manages US$54 billion in assets, aims to strengthen its presence in Asia and beyond through its offices in Singapore, India, China, Indonesia, and now Abu Dhabi.
Seviora provides investment solutions across private credit, private equity, liquid and semi-liquid strategies, as well as traditional active and liquidity management.
It operates through five asset management companies (AMCs) and has a team of over 210 investment professionals.
To lead its Middle East operations, Seviora has appointed Sadiq Hussain as Senior Executive Officer of the Abu Dhabi office.
Hussain has a background in global asset management and investment banking, with expertise in capital markets, institutional partnerships, and regional investment strategies.
He will oversee Seviora’s engagement with investors and stakeholders in the region.
Jimmy Phoon, CEO of Seviora Group, stated:
“The opening of our new office in Abu Dhabi marks a major step in our international expansion and highlights the strategic importance of the Middle East in our growth plans. This move paves the way for further successful partnerships with local investors to meet their rapidly evolving needs.”
Arvind Ramamurthy, Chief Market Development Officer at ADGM, welcomed Seviora’s entry, stating:
“Seviora’s establishment of its regional headquarters in ADGM reflects our growing international appeal and the continued expansion of our global network. Our recent engagements in key global markets, including Singapore, have strengthened our position as a leading destination for businesses seeking growth and innovation.”
Featured image credit: edited from freepik
