Paris, Thursday 11 April 2024 – Singapore-headquartered investment company, Temasek, launched its new office in Paris yesterday evening. The official opening event was attended by the Deputy Prime Minister and Minister for Finance of Singapore, Mr. Lawrence Wong¹; Minister for Foreign Affairs of Singapore, Dr. Vivian Balakrishnan; Minister for the Economy, Finance, Industrial and Digital Sovereignty of France, Mr. Bruno Le Maire and Minister for the Interior of France, Mr. Gérald Darmanin. Over 200 guests and partners from Europe, Asia and the Americas also attended the event.  

The Paris office expands Temasek’s global footprint and network, giving it the opportunity to grow its organisation, talent and capabilities, in its mission to construct a resilient and forward looking portfolio.

Together with the existing London and Brussels offices, the Paris office will enhance access to investment and partnership opportunities, and the talent pool across both the European Union and the broader Europe, Middle East and Africa (EMEA) region. It will also bring Temasek’s global footprint to 13 offices across 9 countries.

Since 2011, Temasek’s exposure to the EMEA region has grown almost five times (in Singapore dollars terms) to S$47 billion (€32 billion) or 12% of its portfolio as at 31 March 2023². This reflects the dynamic opportunities and innovation Temasek continues to see in the region.

Mr. Dilhan Pillay, Executive Director and CEO of Temasek Holdings said, “The Paris office opening signifies the importance of the EMEA region to Temasek, as we seek to advance our 2030 strategy to expand our global network and construct a resilient and forward looking portfolio, with sustainability at the core of what we do. Together with our London and Brussels offices, the Temasek ecosystem and the partnerships we have built, we stand ready to collectively catalyse solutions for the biggest challenges of our time.

"Temasek celebrates our 50^th anniversary this year. As we do so, our Purpose will continue to guide us to build on our foundations to deliver sustainable returns over the long term, to do things today with tomorrow clearly on our minds, So Every Generation Prospers.”   

Mr. Nagi Hamiyeh, Temasek’s Head of EMEA added: “Over the years, our four structural trends which are Digitisation, Sustainable Living, Future of Consumption, and Longer Lifespans have guided our portfolio construction globally and in the EMEA region. We recognise the excellence in Europe’s leading companies in sectors which come within these trends, such as sustainable solutions, pharma/biotech, consumer, financial services, technology and transportation and logistics. We expect to deploy significant capital into globally leading companies as well as promising emerging enterprises in these areas.”

Mr. Benoit Valentin, Temasek’s Deputy Head of EMEA, Head of Partnership Solutions, Head of Private Equity Fund Investments, and Head of Impact Investing, concluded: “In the current complex environment, strategic partnerships are more important than ever to ignite innovation, fortify resilience, and unlock boundless growth. We are excited to collaborate closely with local and regional partners to do this. Temasek is a provider of patient capital, as we invest off our own balance sheet. We have almost 50 years of experience investing across cycles, sectors, and geographies. These have helped us to connect Asia’s dynamism with EMEA’s innovative spirit.”

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About Temasek

Temasek is a global investment company with a net portfolio value of S$382 billion (US$287b, €264b, £232b, RMB1.98t) as at 31 March 2023. 

Our Purpose “So Every Generation Prospers” guides us to make a difference for today’s and future generations. Our Temasek Charter defines our three roles as an Investor, Institution, and Steward, and shapes our ethos to do well, do right, and do good. 

Temasek’s T2030 strategy guides us in our mandate to deliver sustainable value over the long term. It comprises four pillars: constructing a Resilient & Forward Looking Portfolio; embedding Sustainability at the Core of all that we do; building future-centric capabilities in our Temasek Operating System; and developing our Organisation, Talent & Capabilities to grow our people and teams for the future.  

The T2030 strategy is underpinned by three foundational enablers: Catalytic Capital to bring about a better and more inclusive world for all; Networked Organisation to scale our impact; and a clear sense of Purpose, a Culture of teamwork, anchored by a strong set of Values.  

Temasek has overall corporate credit ratings of Aaa/AAA by rating agencies Moody’s Investors Service and S&P Global Ratings respectively.

Headquartered in Singapore, we have 13 offices in 9 countries around the world: Beijing, Hanoi, Mumbai, Shanghai, Shenzhen, and Singapore in Asia; and London, Brussels, Paris, New York, San Francisco, Washington DC, and Mexico City outside Asia. 

For more information on Temasek, please visit www.temasek.com.sg  

For Temasek Review 2023, please visit www.temasekreview.com.sg  

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