Temasek-backed Seviora to merge three asset management units
Seviora Holdings, the primary asset management platform of Temasek, has revealed plans to merge three of its wholly owned subsidiaries into a single operational entity.
The integration covers Azalea Investment Management, SeaTown Holdings International, and Seviora Capital.
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The transaction is scheduled to take effect on 1 January 2027, subject to regulatory clearances and necessary approvals.
Once completed, the combined business will function under a single operating model and adopt the Seviora name.
An evaluation of the group’s branding is currently underway.
Gabriel Lim will remain CEO of Seviora following the reorganisation, alongside Yeo Hong Ping as chief operating officer.
Current Azalea CEO Chue En Yaw will take charge of Seviora’s global fund solutions business.
Patrick Pang, currently CEO of SeaTown, will lead the private capital division.
The consolidation aims to combine the operational resources and functions of the three businesses, creating a unified platform for clients, partners, and staff while pursuing growth opportunities.
Fullerton Fund Management and InnoVen Capital will not be included in the consolidation and are to remain separate legal entities within the wider group.
Temasek established Seviora in 2020 to bring its multi-asset and multi-strategy investment businesses together within a single corporate structure.
Seviora CEO Gabriel Lim said: “Since Seviora was established in 2020, our AMCs have progressively built shared capabilities across areas such as sustainability, technology, human resources, and sales and distribution.
“Coming together as a single platform is the natural next step – one that gives clients easier access, through a single relationship, to the breadth of our investment capabilities and allows us to invest more in our people, research and technology.
“This is an important milestone in the evolution of our Group and reinforces our ambition to be a leading capital gateway between Asia and the world.”
