Daily Briefing: Fintech firm CapBridge opens private market platform for retail investors; Settlements receive worst pay amongst banking jobs in Singapore

And a two-storey HDB shop has been put for sale at $10.5m.

From DealStreetAsia:

Online investment platform CapBridge is opening a private market platform for retail investors, where they can invest in late-stage growth and pre-IPO deals, according to a press statement.

The platform, named Preferred Access, seeks to lower the barriers of private equity play for Singapore’s retail investors. Capbridge has already secured the approval to extend its activities beyond accredited investors and institutional investors.

Furthermore, the platform will also allow individuals to access private equity opportunities in order to get higher-market return, without being accredited investors.

“With technology and intelligent deal-sharing, we are now able to better offer and lower the barriers of investing so that more investors can participate in private growth opportunities,” said Johnson Chen, founder and CEO of CapBridge.

Read more here.

From eFinancialCareers

Given its administrative nature, settlements and loan administration are the worst-paid banking jobs, with average annual base salaries of $66,000 and $68,000 respectively. In transaction banking, operations jobs are paid just $69,000 as an associate.

Associate-level product controllers are paid $72,000 on average. An April 2019 report from the Monetary Authority of Singapore identifies product control as at “high risk” of being displaced by technology in the near future.

eFinancialCareers looked through five 2019 recruiter pay surveys in Singapore and identified some of the non-technology roles that paid the lowest annual base salaries to people with about four years’ experience or at associate level.

Read more here.

From iCompareLoan:

A two-storey HDB shop situated in the heart of Bedok Town Centre has been launched for sale by expression of interest, Savills Singapore announced. The guide price for the tenanted shop is $10.5m with a gross rental yield exceeding 3%.

The unit, with a total strata floor area of 377 square metres, has been approved for use as a shop for both levels. Fully tenanted, it comprises a banking hall of 172 sqm on the ground floor, with separate access via an external common staircase to the upper floor gymnasium with a strata floor area of 205 sqm. The unexpired lease tenure for the two-storey HDB shop is approximately 59 years.

Read more here.