Temasek's asset management platform Seviora has signed a memorandum of understanding with First Abu Dhabi Bank (FAB) that would let FAB distribute Seviora-managed strategies to its wealth clients and explore co-investments, but no deal size or launch date has been disclosed.

TL;DR

  • Seviora Holdings and First Abu Dhabi Bank announced the MOU on 28 September 2026, covering co-investments, knowledge sharing and distribution of Seviora strategies through FAB's wealth platform.
  • It builds on Seviora's Abu Dhabi office, opened in 2025. Seviora manages about $76 billion and FAB holds $384 billion in assets, both as of June 2026, per DealStreetAsia.
  • None of the sources say family offices are a target client group, so the family office angle is context, not a confirmed aim.

What did Seviora and First Abu Dhabi Bank announce?

On 28 September 2026, Seviora Holdings Pte. Ltd. and First Abu Dhabi Bank PJSC said they had signed an MOU to set up a strategic collaboration, according to FAB's media page. An MOU is a statement of intent rather than a finished transaction. The stated aims are to expand access to new investment and strategic opportunities, including co-investments, to share knowledge and best practices, and to allow FAB to distribute investment strategies managed by Seviora and its affiliates through FAB's wealth management platform. Seviora's Wolfgang Klemm, head of strategy and development, said strategic alliances are central to the firm's growth ambitions. Seviora Middle East's Sadiq Hussain said the MOU builds on the launch of Seviora's Abu Dhabi office in 2025. FAB's Linos Lekkas, group head of investment banking, said it gives clients access to a broader range of investment opportunities.

Who are Seviora and First Abu Dhabi Bank?

Seviora is the Singapore-based asset management platform wholly owned by Temasek, the Singapore state investment company. DealStreetAsia reports it controlled about $76 billion in assets as of June 2026 and includes Azalea Investment Management, Fullerton Fund Management, InnoVen Capital, SeaTown Holdings International and Seviora Capital among its subsidiaries. First Abu Dhabi Bank is the Abu Dhabi-headquartered lender, listed on the Abu Dhabi Securities Exchange, operating in over 20 countries with $384 billion in assets as of June 2026, per the same report. Dollar figures are as reported.

Why might this matter to Asian family offices?

The announcement is about institutions, not family offices, so the link is indirect. It adds to a pattern of Singapore-based firms building ties with the Gulf, with Wealth Briefing Asia running a separate item on 1 October on Temasek leaning into the Gulf region. For families and advisers weighing where to deploy capital or find co-investment partners, a distribution route between a Singapore asset manager and a Gulf bank is one more channel to watch, though the sources do not say who can access Seviora strategies through FAB or on what terms. For related reading, see our coverage of Singapore's revised single family office rules (Singapore's Revised Single Family Office Rules: What Changed and What Existing SFOs Must Do by June 2027), the Singapore versus Hong Kong comparison (Singapore vs. Hong Kong 2026: Navigating Tax Incentives, Substance Requirements, and Capital Deployment Rules) and Raffles Family Office's cross-regional plans (Raffles Family Office Hires Former Rwandan Minister to Open an Africa-Asia Corridor). This is general information, not investment advice.

Frequently Asked Questions

What is the Seviora and First Abu Dhabi Bank MOU?

It is a memorandum of understanding announced on 28 September 2026 to collaborate on co-investments and knowledge sharing, and to let FAB distribute Seviora-managed strategies through its wealth management platform.

Who owns Seviora?

Seviora is wholly owned by Temasek, and DealStreetAsia describes it as Temasek's primary asset management platform.

Can family offices invest through this partnership?

That is not stated. The announcement refers to FAB's wealth management clients, and no eligibility rules, products or launch date have been published in the sources reviewed.

Sources and Method

Original write-up based on First Abu Dhabi Bank's media release page on the Seviora partnership (28 September 2026), DealStreetAsia's report by Quynh Nguyen (28 September 2026) and Wealth Briefing Asia (29 September 2026). Not confirmed: deal size, timeline, eligible clients and any family office involvement.