Singapore’s state investment firm Temasek has opened its new office in Paris, further expanding its global footprint.

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

Since 2011, Temasek’s exposure to the EMEA region has grown almost five times to S$47 billion (US$34.73 billion), or 12% of its portfolio as of March 31 2023. Temasek says this reflects the dynamic opportunities and innovation it continues to see in the region.

Dilhan Pillay, executive director and chief executive officer of Temasek Holdings, says: “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.”

The event was attended by Lawrence Wong, Singapore’s deputy prime minister and minister for finance; Vivian Balakrishnan, Singapore’s minister for foreign affairs; Bruno Le, minister for the economy, finance, industrial and digital sovereignty of France; and Gérald Darmanin, minister for the interior of France.  Over 200 guests and partners from Europe, Asia and the Americas also attended the opening.