Aviva Investors today announced that it has received a Capital Markets Services Licence in Fund Management from the Monetary Authority of Singapore (MAS). The licence allows Aviva Investors to provide fund management services in Singapore to both retail and institutional clients, across segregated mandates, closed-ended and open-ended funds.
The licence means that Aviva Investors will no longer be limited to the number and type of investors it can work with. Since first opening its office in 2007, it will now be able to offer a greater number of products to a larger number of clients.
Craig Bingham, Chief Executive – Asia Pacific said: “We have viewed Singapore as a core market for some time and have been keen to expand our capabilities to meet growing client demand to invest in this region. Singapore is Aviva Investors central location for investment manufacturing in Asia and the granting of this licence enables us to build a more meaningful presence. It will also allow us to bring our global expertise more comprehensively to the market.
“This is a significant milestone that enables us to build on our growing reputation for real estate fund management in Asia and also gives us the opportunity to build our locally based fixed income and equities investment expertise.
“This licence reflects our commitment to the region and we are looking forward to being in a position where we can offer our clients the best possible solutions that that caters for their needs.”
