The new office will help Seviora tap into the region’s asset management industry, also supported with the appointment of a senior executive officer to lead Seviora’s initiatives and growth in the region.

Singapore-headquartered Seviora Group, an Asia-based asset manager with $54 billion of assets under management, has established its first Middle East office in Abu Dhabi.

The new office, coupled with Seviora’s offices in Singapore, India, China and Indonesia, will enable the firm to continue expanding in Asia and beyond. It will allow it to offer better investment solutions, co-investment opportunities and strategic partnerships to sovereign wealth funds, pension funds, global banks and family offices, it said in a statement yesterday. 

To lead its Middle East operations, Seviora has appointed Sadiq Hussain as its senior executive officer for its Abu Dhabi office. With a career spanning global asset management and investment banking, Hussain brings expertise in capital markets, institutional partnerships, and regional investment strategies. 

The move comes at a time when a number of firms have been setting up shop in Dubai and Abu Dhabi. Hamilton Lane, a private markets investment management firm, has just opened its newest office in the Middle East in order to meet the needs of regional clients more effectively.

“As we continue to scale up Seviora’s presence, we’re embarking on several partnerships to drive interest into Asia and beyond. 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,” Jimmy Phoon, CEO of Seviora Group, said.

"Seviora’s expansion into Abu Dhabi is a critical component in its growth trajectory and engagement with the region. ADGM offers a world-class environment that fosters innovation, investment and financial services pedigree, and long-term value creation,” Sadiq Hussain, senior executive officer at Seviora Middle East, added.

“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,” Arvind Ramamurthy, chief market development officer at ADGM, said.

Seviora Group is a Singapore-headquartered independent asset management group with $54 billion in assets under management, wholly owned by Temasek, with primary presences in Singapore, India, China, Indonesia and the United Arab Emirates.