Samsung Securities Signs Strategic Partnership with Temasek’s Asset Management Holding Company and Asset Manager in Singapore

Samsung Securities announced on October 20 that it has signed a strategic memorandum of understanding (MOU) with Seviora Group, an affiliate of Temasek, the Singapore sovereign wealth fund, and Azelia Asset Management, a private equity (PE) asset management firm under Seviora Group. The agreement aims to supply representative investment products, designed based on alternative investment expertise, to domestic investors.

The partnership ceremony between Samsung Securities and the asset management company affiliated with Temasek, the Singapore sovereign wealth fund, held at Samsung Securities headquarters in Seocho-gu, Seoul on the 17th. (From left) Gabriel Lim, CEO of Seviora Group, a 100% subsidiary of Temasek; Jongmoon Park, President of Samsung Securities; and Yaow Chuen, CEO and CIO of Azelia Asset Management. Samsung Securities

Through this agreement, the two companies have agreed to introduce new products to the domestic market. This collaboration is expected to provide institutional and high-net-worth investors in Korea with long-term and stable access to global private equity strategies. In particular, the partnership is anticipated to generate synergy and differentiated investment services by combining Azelia's outstanding capabilities in various global private equity strategies with Samsung Securities' strong asset management expertise and high market share in the domestic private wealth sector.

Seviora, which oversees Temasek's asset management subsidiaries, is a holding company wholly owned by Temasek. Gabriel Lim, who was appointed CEO on September 1, currently leads the company. Lim, a former senior government official who previously served as Deputy Minister of Singapore's Ministry of Communications and Information and Ministry of Trade and Industry, as well as Principal Private Secretary to former Prime Minister Lee Hsien Loong, stated, "Our partnership with Samsung Securities marks a meaningful starting point to strengthen our presence in the Korean market while directly offering Korean investors the most sought-after strategies in the global private equity market." He added, "Based on Temasek's financial strength and network, we will build a long-term and trustworthy partnership."

Yaow Chuen, CEO and CIO of Azelia Asset Management, also commented, "We are pleased to strengthen our presence in Korea and further solidify our role as a trusted partner in the private market sector through our collaboration with Samsung Securities." He added, "This partnership demonstrates our joint commitment to expanding access to private market investment opportunities through innovative and investor-centric solutions."

Jongmoon Park, President of Samsung Securities, said, "This collaboration will be a groundbreaking opportunity for domestic investors to experience differentiated private equity products utilizing global co-investment and secondary strategies." He continued, "We will continue to enhance our lineup of alternative investment products by forming partnerships with global asset managers."

In fact, Samsung Securities has continued to strengthen its alternative investment product lineup by exclusively supplying Blackstone's flagship private credit fund in Korea in May this year, as well as introducing products from global top-tier managers such as Ares, EQT, Neuberger Berman, and CVC. Last month, the company also signed a strategic business agreement with Cantor Fitzgerald, a leading U.S. financial services firm, covering the entire securities business. Samsung Securities plans to further reinforce its role as the optimal partner for domestic investors seeking stable returns through global asset allocation.

This content was produced with the assistance of AI translation services.