Singapore-based Fullerton Fund Management is planning to establish a new office in London to strengthen its business with European investors.
As part of the plan, Fullerton will apply for a license from the UK’s independent regulator, Financial Conduct Authority (FCA) .
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Fullerton said it aims to increase the competitiveness of London as an asset management centre by delivering improvements to the UK’s tax and regulatory environment alongside an overseas marketing campaign that has promoted the UK as an asset management centre across the globe.
Manraj Sekhon, CEO and CIO at Fullerton, said: "As a gateway to the continent and an important market in its own right, establishing a presence in the UK will further enhance our ability to service our clients and partners there, and allow us to better access business opportunities.
"Our choice to establish in the UK reflects the UK’s strengths as a hub for asset management, and we have noted the improvements that have been made as part of the UK’s Investment Management Strategy."
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By GlobalData
