Singapore-based state investment company Temasek Holdings has opened an office in London to support its investment interests in Europe, Middle East and Africa (EMEA), according to a company announcement.
With a portfolio of US$170 billion as of 31 March 2013, Temasek has about 25% of its assets invested in mature economies of North America, Europe, Australia & New Zealand. It has 71% of total assets in Asia.
"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," says Lim Boon Heng, chairman of Temasek.
The Europe office adds to Temasek’s current network of offices in Singapore, Brazil, China, India, Mexico and Vietnam.
Temasek says it expects its new office in New York will be fully operational later this year.