ABU DHABI (ALETIHAD)
First Abu Dhabi Bank (FAB) and Temasek-owned asset management group Seviora have signed a memorandum of understanding (MoU) to establish a strategic partnership aimed at expanding access to investment opportunities and strengthening their market reach.
Under the partnership, the two organisations will draw on their respective expertise, networks and resources to explore new investment and strategic opportunities, including co-investments, according to a joint statement. The collaboration will also support knowledge sharing and the exchange of best practices.
FAB will also explore opportunities to distribute investment strategies managed by Seviora and its affiliates through the bank's wealth management platform, providing its clients with access to a broader range of investment opportunities.
Seviora, headquartered in Singapore, is wholly owned by Temasek and had approximately $76 billion in assets under management as of June 30, 2026. It provides investment strategies across public and private markets and has primary presences in Singapore, India, China, Indonesia and the UAE.
The group has more than 200 investment professionals, supported by about 300 staff. Its asset management companies include Azalea Investment Management, Fullerton Fund Management, InnoVen Capital, SeaTown Holdings International and Seviora Capital.
“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,” Wolfgang Klemm, Head of Strategy and Development at Seviora, said.
“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,” he added.
Linos Lekkas, Group Head of Investment Banking at FAB, said the partnership would allow the two organisations to explore strategic investment opportunities across their 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,” Lekkas said.
The agreement builds on Seviora's launch of its Abu Dhabi office in 2025, as the Singapore-headquartered group continues to expand its presence in the Middle East.
“This partnership builds on the launch of Seviora’s Abu Dhabi office in 2025 and marks an important milestone for us as we continue to deepen our presence in the Middle East and strengthen our relationship with FAB,” Sadiq Hussain, Senior Executive Officer and Director, Seviora (Middle East), said.
“By bringing together our respective capabilities, expertise and networks, we see significant potential to broaden our reach, develop new opportunities and support our long-term ambitions in the region,” he added.