Singapore state investment company Temasek Holdings is opening an office in Paris in 2023, its third in the European continent after London and Brussels.
The French office is expected to be opened in the first half of next year and will be Temasek’s 13th in nine countries.
It will “strengthen Temasek’s global network, and help enhance access to deal flow, partnership opportunities and the talent pool across both the European Union and the broader Europe, Middle East and Africa region”, the company says in a statement on November 29.
According to Chief Executive Officer Dilhan Pillay, the 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”.
The Paris office will work closely with the ones in London and Brussels.
Temasek had a net portfolio value of S$403 billion (US$297 billion) as of March 31, 2022.