Singapore
08 February 2017
Reporter: Stephanie Palmer

ALFI builds on Asian presence


The Association of the Luxembourg Funds Industry (ALFI) has launched a new working group in Singapore, focused on improving cooperation and collaboration between the two markets.

The working group will focus on South East Asia, where the Luxembourg funds industry is already well established. It also adds to ALFI’s existing office in Hong Kong.

According to a 2016 PwC survey, some 69 percent of foreign funds sold in Singapore are domiciled in Luxembourg.

The new group seeks to improve Luxembourg funds professionals’ understanding of the investment market in Singapore and South East Asia, with regards to laws and regulations, investment culture and management techniques, and the challenges and opportunities around distribution.

Ching Yng Choi, head of ALFI’s Asia representative office in Hong Kong and co-chair of the Singapore working group, commented: “The working group will also be instrumental in proposing and preparing promotional activities and trade missions in the region, and will be setting up a knowledge base to share insight with local industry players.”

The group will also be co-chaired by Valérie Mantot, head of the Middle East, North Africa and South East Asia at Sanne Group.

More fund services news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
BNP Paribas completes first fund transaction test using blockchain
11 January 2018 | Paris | Reporter: Jenna Lomax
The test was conducted using BNP Securities Services’s blockchain programme, Fund Link, and FundsDLT, a blockchain-based platform for fund transaction processing
KPMG Switzerland and SIX to bundle tax services
10 January 2018 | Zurich | Reporter: Jenna Lomax
KPMG Switzerland and SIX Securities Services are offering a combined package for tax services
Guernsey’s fund sector reports year-on-year growth
05 January 2018 | St Peter Port | Reporter: Jenna Lomax
Guernsey’s fund business grew by approximately £20 billion over the 12 months to the end Q3 2017
Italian custody win for BNP Paribas
12 December 2017 | Milan | Reporter: Jenna Lomax
BNP Paribas will provide Sara Assicurazioni with global custody services for €1.3 billion in Italian and foreign assets
Fundsquare and i-Hub bring KYC service to funds
12 December 2017 | Luxembourg | Reporter: Becky Butcher
Fundsquare and i-Hub have signed a commercial partnership for the introduction of i-Hub’s know-your-customer (KYC) platform to the funds industry
Lux secures funding for SaaS platform
08 December 2017 | New York | Reporter: Jenna Lomax
Transcend is Lux’s software-as-a-service solution for front-to-back office automation
SIX: Services providers must expand horizons
08 December 2017 | London | Reporter: Stephanie Palmer
Post-trade service providers must focus on providing new services in the future, while also investing in new technologies and personnel, according to research from SIX Securities Services
More fund services news