Seviora has appointed Sadiq Hussain, who formerly held positions at JP Morgan and Bank of Singapore as its senior executive officer for its Abu Dhabi office.

Temasek’s wholly-owned independent asset management group Seviora Group, has established a Middle East office in the Abu Dhabi Global Market (ADGM) zone. 

As at Dec 31, 2024, Seviora has assets under management of US$54 billion ($72.2 billion).

The new office follows the group’s existing presence in Singapore, India, China and Indonesia, expanding on its Asia strategy.  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 its five asset management companies (AMCs). 

Seviora has appointed Sadiq Hussain, who formerly held positions at JP Morgan and Bank of Singapore as its senior executive officer for its Abu Dhabi office. The group notes that Hussain’s experience at leading financial institutions and strong network within the Middle East positions him favourably to drive Seviora’s growth and engagement in the region. 

Hussain says: “ADGM offers a world-class environment that fosters innovation, investment and financial services pedigree, and long-term value creation. I look forward to driving our regional strategy and deepening our engagement with institutional investors.”

Jimmy Phoon, CEO, Seviora Group, adds: “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.”

“We are delighted to welcome Seviora Group to ADGM, further cementing Abu Dhabi’s reputation as a trusted global financial centre. Seviora’s establishment of its regional headquarters in ADGM reflects our growing international appeal and the continued expansion of our global network,” concludes Arvind Ramamurthy, chief market development officer, ADGM.