Singapore's latest measures strengthen Singapore's appeal and reinforce Singapore's competitiveness as global fund management hub that compete for global capital and talent.
The Monetary Authority of Singapore has announced a set of measures aimed at strengthening Singapore’s competitiveness as a leading asset management hub. The move comes as global fund managers continue to assess where best to establish, expand and manage capital amid a fast-evolving regulatory, tax and talent landscape.
The measures come at an important time for the region. Other financial centres, including Hong Kong, have also been enhancing incentives to attract global fund managers and investment talent. Singapore’s latest announcement reinforces its intention to stay competitive and responsive to the needs of the asset management industry.
For asset and wealth managers, the announcement is a timely signal of Singapore’s continued commitment to remaining a competitive, business-friendly and globally connected fund management centre.
Designed to support the attractiveness of Singapore as a base for fund management activities and talent.
Aimed at reducing employment pass friction and supporting the movement of senior investment professionals and key talent.
Intended to support the growth of Singapore’s hedge fund ecosystem and deepen the asset management landscape.
“Three new measures were just announced to make Singapore an even easier place to manage capital – and a magnet for hedge fund managers looking to set up or expand here.”
Lim Maan HueyAsset and Wealth Management Leader, PwC SingaporeWhile further details are expected, fund managers should begin assessing how these measures could affect their Singapore strategy, including:
As more details emerge, businesses should consider how these developments may affect their operating models, talent strategies and regional growth plans.
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