Singapore’s sovereign wealth fund Temasek has inaugurated its new workplace in Paris, marking a major step in its European enlargement technique.

This new Parisian base is a part of Temasek’s broader goal to reinforce its international community and leverage alternatives throughout the European Union in addition to the Europe, Center East, and Africa (EMEA) area.

The Paris workplace joins the corporate’s present European places of work in London and Brussels, bringing Temasek’s complete international presence to 13 places of work throughout 9 international locations.

Temasek’s funding within the EMEA area has seen a major enhance, with the corporate’s publicity rising practically fivefold since 2011, reaching S$47 billion (€32 billion), which accounts for 12% of its portfolio as of 31 March 2023.

This enlargement displays Temasek’s give attention to tapping into the dynamic alternatives and revolutionary potential throughout the area.

The grand opening, which came about on Wednesday, noticed the presence of notable dignitaries together with Singapore’s Deputy Prime Minister and Finance Minister, Lawrence Wong, and the French Minister for the Financial system, Bruno Le Maire, amongst others.

The occasion was attended by over 200 friends from varied areas together with Europe, Asia, and the Americas.

Lim Boon Heng

Lim Boon Heng, Chairman of Temasek stated on the launch,

“The opening of our Paris workplace is a major milestone for Temasek. It’s an integral a part of our 2030 technique, which is to broaden our international community, assemble a resilient portfolio, and develop our organisation, expertise and capabilities, with sustainability on the core.

 

Our Paris workplace will complement our London and Brussels places of work to strengthen Temasek’s international community. It can improve our entry to deal circulation and partnership alternatives, and develop our expertise pool throughout EMEA.”

Dilhan Pillay

Dilhan Pillay, Government Director and CEO of Temasek Holdings stated,

“The Paris workplace opening signifies the significance of the EMEA area to Temasek, as we search to advance our 2030 technique to broaden our international community and assemble a resilient and ahead wanting portfolio, with sustainability on the core of what we do.

 

Along with our London and Brussels places of work, the Temasek ecosystem and the partnerships we have now constructed, we stand able to collectively catalyse options for the most important challenges of our time.”