Unigestion, a Geneva-based independent management company totalling 10.2 billion of assets under management, has received the capital markets services license issued by the Monetary Authority of Singapore.
This license, officially received on 4 July 2013, is essential for any asset manager wishing to run a fund management unit in Singapore.
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It will improve Unigestion’s ability to offer its expertise in equities, private equity and hedge funds in Asia.
Two major appointments made during the past two years, Bill Foo and Aje Saigal, chairman and non-executive director of Unigestion Asia Pte Ltd, empower Unigestion to get closer to institutional investors in the area and to better understand their concerns.
The firm already has a Singapore-based office which is led by Bill Foo.
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By GlobalData
