A dedicated management team at Seviora will oversee the group's strategy and growth of its AUM, and drive capital allocation to meet business requirements and growth opportunities.
The group will provide access to a range of investment strategies across return profiles, asset classes and geographies. Jimmy Phoon, now the chief executive officer of Seatown, will be the CEO-designate of Seviora. He will hold both positions concurrently until a successor is appointed for the Seatown role.
"By bringing four successful but distinctly different asset management companies together, we see the opportunity to accelerate business growth through creation of scale, synergistic product offerings and greater investment in technology," he said.
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