Seviora Group, a prominent Asia-based asset management firm headquartered in Singapore, has officially opened its first office in the Middle East, located in the Abu Dhabi Global Market (ADGM). The firm manages assets totaling US$54 billion and aims to expand its presence in the region alongside its existing offices in Singapore, India, China, and Indonesia.

The new Abu Dhabi office will enhance Seviora’s ability to provide customized investment solutions, co-investment opportunities, and strategic partnerships. These offerings are directed towards sovereign wealth funds, pension funds, global banks, and family offices, enabling the firm to deepen access to investment opportunities across Asia’s dynamic markets.

To lead its Middle East operations, Seviora has appointed Sadiq Hussain as the Senior Executive Officer for the Abu Dhabi office. Sadiq has a strong background in global asset management and investment banking, bringing significant expertise in capital markets and institutional partnerships. His extensive experience at leading financial institutions positions him well to drive Seviora’s growth in the region.

Jimmy Phoon, CEO of Seviora Group, stated that the opening of the Abu Dhabi office is a major step in the company’s international expansion. He emphasized the strategic importance of the Middle East and indicated that this move would enable further successful partnerships with local investors, aligning Seviora’s investments with its clients’ outcomes.

Sadiq Hussain highlighted that Seviora’s expansion into Abu Dhabi is crucial for its growth and regional engagement. He noted that ADGM provides an environment that fosters innovation and long-term value creation in financial services, and he looks forward to enhancing the firm’s regional strategy and relationships with institutional investors.

Arvind Ramamurthy, Chief Market Development Officer at ADGM, expressed his delight in welcoming Seviora Group to the financial hub, reinforcing Abu Dhabi’s status as a trusted global financial center. He remarked that Seviora’s establishment in ADGM signals the growing international appeal of the region and the expansion of its global network.