Singapore-based investment company Temasek has launched its Europe office today, in an official opening attended by Guest-of-Honour Mr Lee Hsien Loong, Prime Minister of Singapore. Based in London, the new Temasek office will support its investment interests in Europe, Middle East and Africa (EMEA), the company said in its press release.
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 is a portfolio owner, and aims to deliver sustainable long term returns by focusing on four key investment themes:
Transforming Economies;
Growing Middle Income Populations;
Deepening Comparative Advantages; and
Emerging Champions.
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.
More about Temasek
Incorporated in 1974, Temasek is an investment company based in Singapore. Supported by 11 offices globally, Temasek owns a S$215 billion portfolio as at 31 March 2013, with 71% of its underlying assets in Asia (including Singapore), and 25% in the mature economies of North America, Europe, Australia & New Zealand.