Temasek, the investment firm headquartered in Singapore, officially inaugurated its newly established office in Paris last night. The opening ceremony was attended by Mr. Heng Swee Keat, Deputy Prime Minister and Minister of Finance of Singapore, Dr. Vivian Balakrishnan, Minister for Foreign Affairs of Singapore, Mr. Bruno Le Maire, Minister of the Economy, Finance, Industry, and Digital Sovereignty of France, and Mr. Gérald Darmanin, Minister of the Interior of France. Additionally, over 200 guests and partners from Europe, Asia, and the Americas were present at the event.

The Paris office expands Temasek's global footprint and network, offering opportunities for institutional development, talent cultivation, and capacity building as the company constructs resilient and forward-looking investment portfolios.

Building upon existing offices in London and Brussels, the Paris office will facilitate Temasek's expansion of investment and collaboration opportunities within the European Union, as well as the broader Europe, Middle East, and Africa (EMEA) region, while also fostering talent discovery. Temasek's global footprint now spans 13 offices in 9 countries.

Since 2011, Temasek's investments in the Europe, Middle East, and Africa region have nearly quintupled (in Singapore dollars). As of March 31, 2023, the value of the investment portfolio in this region reached SGD 47 billion (EUR 32 billion), accounting for 12% of the total portfolio. This reflects Temasek's sustained focus on the abundant opportunities and innovation in the region.

Mr. Dilhan Pillay, Chief Executive Officer and Executive Director of Temasek Holdings, stated:

"We are committed to advancing Temasek's 2030 strategy, expanding our global network, building resilient and forward-looking investment portfolios, with sustainability at the core of everything we do. In this process, the establishment of the Paris office demonstrates Temasek's commitment to the European, Middle Eastern, and African regions. Together with our offices in London and Brussels, Temasek's ecosystem and partners collaborate to address the challenges of the times with comprehensive solutions.

"Temasek will celebrate its 50th anniversary this year. On this occasion, our mission will continue to guide us to achieve long-term sustainable returns, grounded in the present, with an eye toward the future, flourishing for generations to come."

Mr. Nagi Hamiyeh, President of Temasek Europe, Middle East, and Africa, added:

"For many years, our four major structural trends – digitization, sustainable living, future new consumption, and longer lifespan – have guided us in constructing our investment portfolio globally and in Europe, the Middle East, and Africa. We have witnessed outstanding performance by leading European companies in these trends, such as sustainable solutions, pharmaceuticals/biotechnology, consumer, financial services, technology, and transportation and logistics. We look forward to investing in global leading companies and promising emerging companies in these sectors."

Mr. Benoit Valentin, Vice President of Temasek Europe, Middle East, and Africa, and President of Solution Collaboration Division, Private Equity Investment, and Influence Investment, concluded:

"In today's complex environment, strategic partnerships play an increasingly important role in stimulating innovation, strengthening resilience, and unlocking growth potential. We are pleased to collaborate closely with local and regional partners to achieve common goals. Temasek provides patient capital, as we invest with our own funds. With nearly 50 years of experience, investing in opportunities across different cycles, industries, and regions, all contribute to our ability to closely integrate Asia's vitality with the innovation spirit of Europe, the Middle East, and Africa."