NaviCom International Investment, an alternative investment manager based in Hong Kong, has announced plans to open a new office in Singapore following the receipt of a capital markets services (CMS) licence from the Monetary Authority of Singapore.

The licence will enable the firm to provide fund management activities to accredited investors in the country.

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The company will be able to offer its services to investors with net assets of more than S$2m ($1.4m) or with annual income of more than S$300,000 ($220,395).

NaviCom Singapore – what to expect

NaviCom International Investment chairman Alistair Mitchell said: “Launching our new office in Singapore presents us with a compelling opportunity to enhance our platform throughout the Asia-Pacific region.

“As a major financial centre, Singapore is recognised for its quality governance controls over a well-developed capital market and financial system. We view this as a highly important attribute as we continue to develop an alternative investment platform to serve a client base of global investors.”

The Singapore office, expected to begin operations by the end of this year, will be managed by NaviCom’s existing executive team.

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“We will continue to build upon our relationships in Singapore to provide family office and trust management services in this highly efficient jurisdiction. The benefits presented by Singapore’s stable financial system will attract the interest of families who are looking to preserve wealth under the favourable terms presented by the trust incorporation and legal processes in place,” Mitchell added.