SINGAPORE: Temasek-owned Seviora Group introduced that it will deliver Pavilion Capital into its platform, lifting the group’s mixed belongings underneath administration (AUM) to about US$72 billion (S$94 billion).
In its press launch on Wednesday (Nov 26), Seviora mentioned Pavilion Capital will retain its model and keep its pan-Asia funding technique focus whereas advertising and marketing its merchandise underneath the group.
Pavilion Capital CEO Tow Heng Tan will oversee the transition earlier than retiring on March 31, 2026, whereas the mixed platform will report back to Seviora Holdings CEO Gabriel Lim.
Mr Lim mentioned the transfer reinforces Seviora’s ambition to turn out to be Asia’s main asset administration group.
The proposed integration, pending regulatory approval, is predicted to be accomplished within the first quarter of 2026 (Q1 2026).
The Singapore-headquartered impartial asset administration group managed about US$63 billion as of Sept 30 and owns asset managers together with Fullerton Fund Administration and SeaTown Holdings Worldwide.
Reuters reported the transfer got here after Temasek unveiled in August its greatest structural overhaul plan, to start out working underneath three new models from April—Temasek World Investments, Temasek Singapore, and Temasek Partnership Options. That is to make decision-making extra agile amid geopolitical and market shifts.
Seviora will stay Temasek’s major asset administration platform underneath the brand new construction. /TISG
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