The firm will support the Monetary Authority of Singapore’s new fund structure.
UK-based boutique asset management firm New City Initiative (NCI) has expanded to Singapore amidst demands from asset managers in the region, according to a press release.
Timothy Hay, CEO of Somerset Capital Management’s Singapore branch, will chair the 11-member founding team of NCI Singapore.
Both NCI branches in Europe and the Lion City will work with regulators to increase opportunities between the two markets.
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