Seviora Holdings Pte. Ltd. (Seviora), Temasek‘s main asset management platform, has signed a memorandum of understanding with First Abu Dhabi Bank (FAB) to explore investment opportunities, including co-investments, per an announcement on Monday.
The MoU will provide a strong foundation for closer collaboration between the two firms. Leveraging their synergies, both Seviora and FAB will draw on their respective expertise, networks and resources to expand their access to new investment and strategic opportunities, including co-investments. The collaboration will also support greater knowledge sharing and the exchange of best practices.
Under the partnership, FAB will explore opportunities to distribute investment strategies managed by Seviora and its affiliates through its wealth management platform, providing its clients with access to a broader range of investment opportunities.
“Seviora’s MoU with First Abu Dhabi Bank strengthens our connectivity across the Middle East and creates new opportunities in the region. The MoU also opens up new areas of collaboration and access to compelling investment opportunities globally,” said Wolfgang Klemm, Head of Strategy and Development at Seviora.
“Strategic alliances are central to Seviora’s growth ambitions, as they unlock deep local market insights and unique access. Through this cooperation, we see significant potential to create long-term value and seize future growth opportunities together.”
“We are pleased to partner with Seviora to explore strategic investment opportunities across our respective markets. By bringing together our complementary expertise, networks and capabilities, this partnership creates a strong foundation for closer collaboration, knowledge sharing, and access to a broader range of investment opportunities for our clients. We look forward to a long-term relationship that creates value for both organisations,” said Linos Lekkas, Group Head of Investment Banking at FAB.
Singapore-based Seviora Group, wholly owned by Temasek, managed about $76 billion in assets as of June 2026. It offers public and private market investment strategies across Asia and the UAE.
The Seviora Group’s asset management companies (AMCs) include Azalea Investment Management, Fullerton Fund Management, InnoVen Capital, SeaTown Holdings International and Seviora Capital.
Abu Dhabi-headquartered FAB operates in more than 20 markets and had $384 billion in assets as of June 2026. It is listed on the Abu Dhabi Securities Exchange.
