Seviora and FAB Sign MOU to Explore Joint Investments

Seviora Holdings and First Abu Dhabi Bank have signed a memorandum of understanding to explore investment cooperation and potential distribution of the Singapore-based asset manager’s strategies through FAB’s wealth management platform. The agreement follows Seviora’s establishment of an Abu Dhabi office last year.

The proposed distribution arrangement is one of the specific areas identified in FAB’s announcement. The bank will examine opportunities to offer strategies managed by Seviora and its affiliates.

Other areas of cooperation include identifying investment opportunities, considering co-investments, and sharing expertise. The firms describe plans to use their respective networks and resources to expand their market access.

The agreement adds a banking relationship to Seviora’s existing regional operations. Sadiq Hussain, senior executive officer and director of Seviora (Middle East), said: “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. 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.”

Seviora established its Abu Dhabi office in 2025 and appointed Sadiq Hussain to lead its regional operations. The office was intended to support the group’s work with sovereign wealth funds, pension funds, global banks, and family offices.

Linos Lekkas, Group Head of Investment Banking at FAB, stated: “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.”

Temasek’s Asset Management Platform

Seviora is wholly owned by Temasek and reported approximately $76 billion in assets under management as of June 30, 2026, in its partnership release.

Temasek established Seviora in October 2020 as a holding company for existing asset management businesses. The original structure brought together Azalea Investment Management, Fullerton Fund Management, InnoVen Capital, and SeaTown Holdings International, with a dedicated team overseeing group strategy and capital allocation.

The founding announcement said those businesses would retain operational autonomy, their own branding, and responsibility for investment strategies. Cooperation at the group level was intended to include product development, marketing, and distribution. The proposed FAB arrangement therefore concerns an area of business that was part of Seviora’s remit from its formation.

Temasek’s current investment approach identifies Seviora as its main asset management platform and lists Seviora Capital alongside the four original businesses. Their activities span public and private markets. Temasek also says Seviora is working with Temasek Partnership Solutions on a review of its asset management companies, including their investment focus and allocation of resources.

Scope Beyond the Initial Agreement

FAB brings a separate banking and wealth management network to the proposed cooperation. Its first-half 2026 results reported total assets of approximately $383.9 billion [AED 1.41 trillion] at the end of June.

Wolfgang Klemm, Head of Strategy and Development at Seviora, said: “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. 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.”

Headquartered in Abu Dhabi, FAB operates across more than 20 markets. Seviora’s main locations include Singapore, India, China, Indonesia, and the United Arab Emirates.

Seviora also reported a team of more than 200 investment professionals, supported by approximately 300 staff. These personnel work across a group whose investment strategies span both public and private markets.