Temasek Holdings has opened a new London office to support its investments interests in Europe the Middle East and Africa.
The Singapore investment company’s office opening has attended by the country’s Prime Minister, Lee Hsien Loong, who was in the UK as part of a a three-day visit.
Speaking at the launch of the new office held at Singapore City Developments’ Mayfair Millennium Hotel, Mr Lee said: “I’m confident that this office will deepen Temasek’s engagement in Europe and Africa, will strengthen ties between Singapore and these continents, and will add to Singapore’s long and illustrious history of business and cooperation with London.”
Chairman of Temasek Holdings, Lim Boon Heng, added: “Our new office in London serves as a home base to advise Temasek on investment and partnership opportunities with growth companies here in Europe and further afield.”
Established in 1974 to manage Singapore’s government assets, statistics from March 2013 show Temasek managed S$215bn (US$170bn) of assets last year. Its sister institution the Government of Singapore Investment Corporation – responsible for the country’s reserves – has had an office in London for over ten years.
As well as the new London office, the firm also has a number of offices across the globe including China, India, Vietnam, Mexico and Brazil, as well as in its native Singapore.
By: Kirsty MacGregor
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