The firms will leverage their expanded networks and complementary expertise to drive growth and broaden market reach.
28 September, 2026 – Abu Dhabi, UAE / Singapore: Seviora Holdings Pte. Ltd. (“Seviora”), Temasek's main asset management platform, and First Abu Dhabi Bank PJSC (“FAB”) today announced the signing of a Memorandum of Understanding (MOU) to establish a strategic partnership between the organisations.
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.”
Commenting on the partnership, Linos Lekkas, Group Head of Investment Banking at FAB, said, “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.”
Sadiq Hussain, Senior Executive Officer and Director, Seviora (Middle East) added “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.”
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About Seviora Group
Seviora Group is a Singapore-headquartered independent asset management group with approximately US$76 billion in assets under management as of 30 June 2026 and is wholly owned by Temasek. The Seviora Group provides global investors access to a wide range of investment strategies in both public and private markets. The Group has a strong talent pool of over 200 investment professionals, supported by approximately 300 staff, with primary presences in Singapore, India, China, Indonesia and UAE.
The Seviora Group is aligned with the interests of its investors via its significant investments in its underlying funds, by way of both investment capital and resources, giving them scale and a competitive edge.
The Seviora Group’s asset management companies (AMCs) include Azalea Investment Management, Fullerton Fund Management, InnoVen Capital, SeaTown Holdings International and Seviora Capital.
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About First Abu Dhabi Bank
Headquartered in Abu Dhabi with a global footprint beyond 20 markets, FAB is the finance and trade gateway to the Middle East and North Africa region (MENA). With total assets of AED 1.41 trillion (USD 384 billion) as of June-end 2026, FAB is among the world’s largest banking groups. The bank provides financial expertise to its wholesale and retail client franchise across three business units, including Investment Banking & Markets, Wholesale Banking, and Personal, Business, Wealth & Privileged Client Banking Group.
FAB is listed on the Abu Dhabi Securities Exchange (ADX) and rated Aa3/AA-/AA- by Moody’s, S&P, and Fitch, respectively, with a stable outlook.
On sustainability, FAB holds an MSCI ESG rating of ‘AA’, ranks first among MENA banks and is within the top tier of global banks according to LSEG ESG Scores (formerly Refinitiv ESG Scores). FAB is also rated in the best Sustainalytics ESG Risk Rating category among global banks, with a Low ESG Risk.
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