Seviora Group has established an office in Abu Dhabi; Vietnam’s Mobile World has secured a sustainability-linked trade loan from HSBC Bank; and BC Payments Singapore has received in-principle approval for an MPI licence in Singapore.
Seviora Group opens office in Abu Dhabi
Singapore-based asset management group Seviora Group has announced the establishment of its Middle East office in Abu Dhabi.
The new office, coupled with Seviora’s existing offices in Singapore, India, China and Indonesia, will contribute to the expansion of the company in Asia and beyond, allowing it to better develop and offer bespoke investment solutions, co-investment opportunities and strategic partnerships to sovereign wealth funds, pension funds, global banks, and family offices.
To lead its Middle East operations, Seviora has appointed Sadiq Hussain as Senior Executive Officer for its Abu Dhabi Office. Under his leadership, Seviora aims to deepen its partnerships with key investors and stakeholders and contribute to the region’s financial ecosystem.
Seviora Group is a Singapore-headquartered independent asset management group with $54 billion in assets under management as of December 31, 2024, and is wholly owned by Temasek.
HSBC provides loan to Vietnam’s Mobile World
In 2018, Malaysia-headquartered private equity firm Creador made its maiden investment in Vietnam, injecting about $43 million in MWG, paving the exit for then investor Mekong Capital – marking one of the most successful investments in the country.
BC Payments Singapore closes in on MPI licence
BC Payments Singapore announced that it has received in-principle approval for a major payment institution licence from the Monetary Authority of Singapore (MAS).
The approval marks a significant milestone for BC Payments Singapore, a wholly owned subsidiary of Banking Circle S.A. (Banking Circle), a Luxembourg-licensed bank and a leading international provider of next-generation banking services.
If granted, the MPI licence will allow BC Payments Singapore to leverage Banking Circle’s extensive network of direct and indirect access to global clearing infrastructure, offering seamless cross-border payment services and operating as a key regional headquarters within its global payments hub.
