Jigsaw Wealth Management has merged with UAE-based Globaleye Wealth Management’s Singapore arm following an approval from Monetary Authority of Singapore.
According to International Adviser, the combined entity will be based in Globaleye’s existing Singapore office.
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The deal will primarily focus on the expatriate population under the Financial Advisors Act in Singapore.
Paul Jeffreys, CEO of Jigsaw, said: "Jigsaw is always looking for ways to enhance its business offering and add additional value to our clients. We are delighted to merge our business with Globaleye and to capitalize on the economies of scale that come with joining a business many times our size."
Tim Searle, CEO of Globaleye, said: "We have been in discussion for over a year and it is only now we are seeing the fruits of those negotiations, which is partly due to changes in the Singapore financial advisory market."
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