First Abu Dhabi Bank, Seviora partner to unlock new African investment opportunities

First Abu Dhabi Bank and Singapore-based asset manager Seviora are joining forces to pursue new investment opportunities across Africa, the Middle East and other global markets, as capital flows increasingly connect investors across the regions. 

The two institutions signed a memorandum of understanding that will allow them to explore co-investments, expand access to investment opportunities and share market expertise and networks. 

The partnership brings together Seviora, Temasek’s main asset management platform with about $76 billion in assets under management, and FAB, one of the world’s largest banking groups with $384 billion in assets as of June 2026.

Wealth clients gain broader access 

Under the agreement, FAB will explore distributing investment strategies managed by Seviora and its affiliates through its wealth management platform. 

That could give FAB’s clients access to a wider range of public and private-market investment strategies while allowing Seviora to tap into FAB’s extensive client base and regional network. 

For African markets, the partnership could create additional channels for international capital and institutional investors seeking opportunities across the continent and the wider Middle East and Africa region. 

Wolfgang Klemm, Seviora’s head of strategy and development, said the agreement strengthens the company’s connectivity across the Middle East while opening access to investment opportunities globally. 

Linos Lekkas, FAB’s group head of investment banking, said the two institutions would use their complementary expertise, networks and capabilities to identify strategic investment opportunities across their respective markets.

Seviora expands Middle East footprint 

The agreement also builds on Seviora’s expansion into the Middle East, following the launch of its Abu Dhabi office in 2025. 

Sadiq Hussain, senior executive officer and director of Seviora Middle East, described the partnership as an important step in deepening the firm’s regional presence and relationship with FAB. 

Seviora is headquartered in Singapore and has more than 200 investment professionals supported by about 300 staff. Its primary presence spans Singapore, India, China, Indonesia and the United Arab Emirates. 

The group’s asset management companies include Azalea Investment Management, Fullerton Fund Management, InnoVen Capital, SeaTown Holdings International and Seviora Capital.

FAB brings $384 billion balance sheet

FAB is headquartered in Abu Dhabi and operates across more than 20 markets, positioning it as a financial and trade gateway between the Middle East and North Africa. 

The bank had total assets of AED 1.41 trillion ($384 billion) at the end of June 2026. Its operations cover investment banking and markets, wholesale banking, and personal, business, wealth and privileged client banking. 

FAB is listed on the Abu Dhabi Securities Exchange and is rated Aa3 by Moody’s, AA- by S&P and AA- by Fitch, all with stable outlooks. 

The partnership gives both institutions a platform to combine investment capabilities, distribution networks and regional market access as they pursue longer-term opportunities across emerging and global markets.