Temasek Opens a New Office in Paris
Posted on 04/11/2024
Singapore-based Temasek Holdings opened a new office in Paris. The Paris office expands Temasek’s global footprint and network. With regard to Europe, Temasek has an office in London and in Brussels. It will also bring Temasek’s global footprint to 13 offices across 9 countries.
According to the press release, “Temasek held an event in Paris yesterday evening. The official opening event was attended by the Deputy Prime Minister and Minister for Finance of Singapore, Mr. Lawrence Wong; Minister for Foreign Affairs of Singapore, Dr. Vivian Balakrishnan; Minister for the Economy, Finance, Industrial and Digital Sovereignty of France, Mr. Bruno Le Maire and Minister for the Interior of France, Mr. Gérald Darmanin. Over 200 guests and partners from Europe, Asia and the Americas also attended the event.”
Since 2011, Temasek’s exposure to the EMEA region has grown almost five times (in Singapore dollars terms) to S$47 billion (€32 billion) or 12% of its portfolio as at 31 March 2023.
Nagi Hamiyeh, Temasek’s Head of EMEA said in a press release, “Over the years, our four structural trends which are Digitisation, Sustainable Living, Future of Consumption, and Longer Lifespans have guided our portfolio construction globally and in the EMEA region. We recognise the excellence in Europe’s leading companies in sectors which come within these trends, such as sustainable solutions, pharma/biotech, consumer, financial services, technology and transportation and logistics. We expect to deploy significant capital into globally leading companies as well as promising emerging enterprises in these areas.”
