MAS panel discusses growth strategies for financial sector
The panel notes Singapore’s financial centre has made strong gains in asset and wealth management, reinsurance and specialty insurance, and FX and derivatives. But it adds there are several areas in which the industry can do better.
Link to MAS press release is here
Industry Panel Discusses Strategies to Grow Financial Centre
29 August 2015
Locally managed assets surge 30% to $2.4 trillion
Locally managed assets surge 30% to $2.4 trillion
Singapore's asset management industry turned in strong figures last year, driven by interest in the Republic as a pan-Asian asset management hub and Asia's growth.
Total assets managed by locally based managers surged by 30 per cent to $2.4 trillion last year, said the Monetary Authority of Singapore (MAS) in its annual industry survey report. This was considerably faster than the 11.8 per cent growth in assets under management (AUM) in 2013.
Singapore's asset management industry turned in strong figures last year, driven by interest in the Republic as a pan-Asian asset management hub and Asia's growth.
Total assets managed by locally based managers surged by 30 per cent to $2.4 trillion last year, said the Monetary Authority of Singapore (MAS) in its annual industry survey report. This was considerably faster than the 11.8 per cent growth in assets under management (AUM) in 2013.
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