Temasek opens first European office

Singapore's state investment company has formally opened in London and plans a New York office opening this year.

Singapore state-owned investment company Temasek has opened an office in London to support its investments in Europe, the Middle East and Africa, according to a statement.

“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,” said Boon Heng Lim, chairman, in the statement. 

The office is the first one in Europe for Temasek. Other locations where the company has a presence are Singapore, Brazil, China, India, Mexico and Vietnam. The company expects to open another new office in New York some time this year.

Investor sentiment in general has been muted for Asia as the US Federal Reserve’s asset buying program winds down and GDP growth slows in major markets. At the same time, investors are warming to the US and Europe, where economic recovery is gathering momentum. 

Temasek was incorporated in 1974. It had a $171 billion (S$215 billion) portfolio at the close of the last financial year on 31 March 2013.