MAS forms group to boost Singapore fund management ecosystem

It will boost Singapore's value proposition as a fund domiciliation hub.

The Monetary Authority of Singapore (MAS) has partnered with the private sector to bolster Singapore’s value proposition as a full-service asset management and fund domiciliation hub.

The Singapore Funds Industry Group (SFIG) will bring together all the key players across the entire asset management value chain, including fund managers and service providers such as lawyers, tax advisors, fund administrators and directors.

It will identify emerging industry trends and formulate strategies to develop the asset management ecosystem. It will comprise four working groups (WGs): infrastructure and innovation WG, policy WG, capabilities and training WG, and promotion and advocacy WG.

The SFIG executive committee is co-chaired by Clifford Chance Singapore managing partner and head of funds and investment group Kai-Niklas Schneider, and MAS assistant managing director (development & international) Gillian Tan.