Singapore's Temasek Launches London Office

Stephen Little

2 April 2014

Singapore-based investment company has launched a new London office to support its investment interests in Europe, Middle East and Africa.

The firm said in a statement that the new office in London would serve as a home base to advise Temasek on investment and partnership opportunities with growth companies in Europe and further afield

The Europe office adds to Temasek's current network of offices in Singapore, Brazil, People's Republic of China, India, Mexico and Vietnam. It is expected that its other new office in New York will be fully operational some time later this year.

With a portfolio of S$215 billion at the close of the last financial year on 31 March 2013, Temasek was incorporated in 1974 as an investment holding company.

Temasek's portfolio covers a broad spectrum of industries: financial services; transportation, logistics and industrials; telecommunications, media & technology; life sciences, consumer & real estate; energy & resources.

Current investments in Europe, or those with exposure to European markets, include, Repsol(6 per cent), Evonik Industries(4.6 per cent), Standard Chartered (8.2 per cent), AS Watson(24.95 per cent), Lloyds Banking Group,(<1 per cent) and Markit Group Limited(10 per cent).