MBMG Group, the Bangkok-based advisory firm, plans to file an application with the Singaporean financial services regulator to expand its asset management advisory services in Singapore.

The company will disclose details of its plans after filing an application with the Monetary Authority of Singapore, according to International Advisor.

Upon receiving the approval, the new business will be led by MBMG Group’s founding partner Graham Macdonald, who would relocate to Singapore from Thailand to join the new role.

Macdonald will work alongside Martin Carey, a former MBMG employee who has been working in Switzerland for Danske Bank.

MBMG, which was initially set up in Singapore in 2011, has been providing taxation advisory and consulting services since then, which do not require regulatory approval.

MBMG established a Mauritius-based asset management operation in 2010, under the supervision of the Mauritius Financial Services Commission.