• New office will enhance access to deals, partnerships and talent pool in EMEA and EU region
• Paris office will work together with London and Brussels offices to strengthen Temasek’s global network
• New office will be operational in H1 2023

Singapore, Tuesday 29 November 2022 – Singapore-based investment company Temasek today announced that it will open a new office in Paris, which will be operational in H1 2023. Together with its London and Brussels offices, the Paris office will strengthen Temasek’s global network, and help enhance access to deal flow, partnership opportunities and the talent pool across both the European Union (EU) and the broader Europe, Middle East and Africa (EMEA) region. With this new Paris office, Temasek’s global footprint will increase to 13 offices across 9 countries.

Mr Dilhan Pillay, Executive Director and Chief Executive Officer of Temasek Holdings, commented: “This new office is part of our 2030 strategy to expand our global network, construct a resilient portfolio and grow our organisation, talent and capabilities, with sustainability at the core.”

“In today’s complex world, a global network both in Temasek and across our partner ecosystem is critical to help address the numerous issues that we face – from wide ranging geopolitical tensions to the challenging macroeconomic environment. Added to that, the existential issue of climate change requires all of us to do our part, innovating across climate change mitigation, adaptation and transition solutions.”

The new Paris office will work closely with Temasek’s existing offices in London and Brussels to further expand Temasek’s presence and access to opportunities in EMEA, in addition to tapping on the expertise of sector teams and Temasek’s network of portfolio companies and platforms.

Mr Uwe Krueger, Temasek’s Head of EMEA and Head of Industrials, Business Services, Energy & Resources, added: “Our decision to open a new European office reflects the continuing importance of EMEA as an investment destination. We see great potential for new investments in the region, which we believe will help address the challenges the world faces. These opportunities are aligned to the four structural trends - digitisation, sustainable living, future of consumption and longer lifespans - that guide our investment focus. Working together, our three offices, in London, Brussels and Paris, will help us harness the many opportunities that we see across the market, strengthen our connections, and grow our presence across the wider region.”

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About Temasek

Temasek is an investment company with a net portfolio value of S$403 billion (US$297b, €268b, £227b, RMB1.89t)¹ as at 31 March 2022.

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.

Sustainability is at the core of all that we do. We are committed to catalysing solutions to global challenges and activating capital – financial, human, social and natural – to bring about a better and more inclusive world for all.

Headquartered in Singapore, we have 12 offices in 8 countries around the world: Beijing, Hanoi, Mumbai, Shanghai, Shenzhen and Singapore in Asia; and London, Brussels, 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 2022, please visit www.temasekreview.com.sg

Connect with us on social media: Facebook (Temasek); LinkedIn (Temasek); Twitter (@Temasek); Instagram (@temasekseen); YouTube (TemasekDigital); Telegram (Temasek) and WeChat (temasek_digital).

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¹ As at 31 March 2022: Rounded to the nearest billion, after currency conversion from SGD based on the exchange rate as at 31 March 2022 (bracketed information), the equivalent NPV in some of the major currencies are as follows:

  US$297 billion (S$1: US$0.73844);
  €268 billion (S$1: €0.66565);
  £227 billion (S$1: £0.56277); and
  RMB1.89 trillion (S$1: RMB4.68336).