Rising compliance costs, technology adoption and a talent shortage make it especially tough for a wealth manager, but Edwin Lee, CEO of independent wealth manager Covenant Capital, believes his firm has the right formula.
Tag: Singapore
Study: Asia’s HNWIs expect outsized SI returns
High net worth individuals in Asia put strong returns ahead of building a better world when it comes interest in sustainable investment (SI) products, according to a survey conducted by Standard Chartered.
Which SG funds gathered assets in Q1?
Schroders and UOB lead the league table of the most successful asset gatherers in funds domiciled in Singapore, while Fullerton had the most outflows, according to fund flows data from Morningstar.
Miton Optimal to offer DFM services in Singapore
Cape Town-based Miton Optimal, a discretionary fund management specialist firm, has received a full capital markets licence from the Monetary Authority of Singapore.
Stanchart Singapore fined $5m for AML breaches
The Monetary Authority of Singapore (Mas) sends a message of zero tolerance towards money laundering as it penalises two Standard Chartered entities for suspicious transfers from Guernsey, according to industry sources.
Singapore seeks MRF, passporting schemes
The Monetary Authority of Singapore wants Singapore-domiciled funds to be available to investors in offshore markets, according to Lim Cheng Khai, an executive director for capital markets intermediaries at the MAS.
Opt in or out? Singapore’s accredited investors must choose
Recent defaults on bond payments by companies such as Swiber Holdings last year offer validation for the Monetary Authority of Singapore’s (MAS) push for enhanced investor protection.
Singapore firm bets on China’s opening
Mainland-owned Overseas Chinese Investment Management has a hedge fund operation in Singapore that hopes to benefit as China loosens capital controls and opens its financial industry.
Singapore’s Fullerton outlines China plans
The firm intends to launch its first onshore fund and apply for a qualified domestic limited partnership (QDLP) licence, according to Mark Li, Shanghai-based general manager and head of China sales at Fullerton Investment Management (Shanghai).
SG robo-advisor courts HNWIs
Another robo-advisor has joined the parade of competitors in Asia and aims to target wealth management of high-net-worth individuals and family offices.
