Incoming CEO Gabriel Lim. Photo: Seviora Holdings
Seviora's current CEO Jimmy Phoon will retire on Aug 31, and continue to remain on the board.
Seviora Holdings, which was established in 2020, is a Singapore-based asset management group made up of Azalea Asset Management, Fullerton Fund Management, Innoven Capital, SeaTown Holdings, and Seviora Capital.
See also: OCBC group CEO Helen Wong to retire end-2025; successor Tan Teck Long appointed deputy CEO
Lim's appointment will see the next phase of growth for Seviora, reads the release dated Apr 29. This includes raising the group's assets under management, improving returns and expanding the range of investment solutions for investors.
Earlier in March, Seviora announced the establishment of a Middle East office in the Abu Dhabi Global Market (ADGM) zone. The new office follows the group's existing presence in Singapore, India, China and Indonesia, expanding on its Asia strategy.
As at Dec 31, 2024, Seviora has assets under management of US$54 billion ($72.2 billion).
See also: Goldman hires former UK Prime Minister Sunak as a senior adviser
Outgoing CEO Jimmy Phoon. Photo: Seviora Holdings
"When Temasek was setting up Seviora in 2020, we approached Jimmy to be the CEO. He had planned to retire at that time after stepping down as CEO of Seatown Holdings, but stayed on with Seviora to help us establish the new asset management group. We thank him for his leadership of Seviora," says Dilhan Pillay Sandrasegara, Executive Director and CEO of Temasek Holdings.
