Seviora Group Establishes Abu Dhabi Office, Appoints Sadiq Hussain as Regional Head

Seviora Group, a Singapore-based asset management firm with assets under management totaling $54 billion, has expanded its global presence by inaugurating its first Middle East office within the Abu Dhabi Global Market . This strategic move underscores the firm's commitment to strengthening ties with investors and financial institutions across the region.

To spearhead its Middle East operations, Seviora has appointed Sadiq Hussain as the Senior Executive Officer for the Abu Dhabi office. Hussain brings a wealth of experience from his tenure in global asset management and investment banking, with notable roles at Halo Investing and as the global business development head for ADGM. His expertise in capital markets and institutional partnerships is expected to be instrumental in driving Seviora's growth in the region.

Jimmy Phoon, CEO of Seviora Group, highlighted the significance of this expansion, stating that the opening of the Abu Dhabi office marks a major step in the company's international growth and emphasizes the strategic importance of the Middle East in their plans. He expressed confidence that this initiative would pave the way for successful partnerships with local investors to meet their evolving needs.

The establishment of the Abu Dhabi office follows the signing of a Memorandum of Understanding between Seviora Holdings and Mubadala Capital, the alternative asset management subsidiary of Abu Dhabi's Mubadala Investment Company. This partnership aims to explore co-investment opportunities and other strategic ventures globally, leveraging the strengths and resources of both organizations. A joint working committee has been formed to implement the objectives of the MoU and facilitate the exchange of knowledge and best practices.

Seviora Group's investment capabilities encompass private credit, private equity, liquid and semi-liquid strategies, traditional active, and liquidity management solutions. With over 210 multi-disciplinary investment professionals across its five asset management companies, the firm is well-positioned to offer bespoke investment solutions and strategic partnerships to sovereign wealth funds, pension funds, global banks, and family offices.

Arvind Ramamurthy, Chief Market Development Officer at ADGM, welcomed Seviora Group to the financial center, noting that their presence further cements Abu Dhabi's reputation as a trusted global financial hub and reflects the growing international appeal of ADGM.

The collaboration between Seviora Holdings and Mubadala Capital represents a significant milestone in the relationship between the two entities, creating a platform to explore mutually beneficial opportunities. Both organizations aim to identify and pursue co-investment opportunities that align with their long-term goals, particularly in Singapore and the UAE.