Bridgewater expands to Singapore

Singaporean base to pave way for pan-Asian market expansion.

The asset management firm Bridgewater Associates is expanding its presence into the Asian region with a new office in Singapore.

Bridgewater's foray into the Singaporean market comes after the company obtained approval from the Monetary Authority of Singapore for its fund management license. Prior to Singapore, Bridgewater launched operations in Beijing and Shanghai.

"Our Singapore office has been many years in the making and allows us not only seek to provide best-in-class partnership to our clients in the region, but also to our global client base that will benefit from our deep understanding of this important market as a result of our presence here," said Bridgewater President and Chief Commercial Officer Kyle Delaney.

The Singapore arm will be led by Chip Packard, Head of Client Service for Eurasia, and Margaret Wang, Head of Bridgewater Associates.