Singapore wealth managers delighted as total assets surge to $2.4 trillion

Bulk of funds came from Asian clients.

Singapore-based wealth managers are flushed with cash after total assets under management (AUM) surged 30% to hit $2.4t in 2014.

Statistics released from the Monetary Authority of Singapore (MAS) showed that the number of registered and licensed fund managers increased by 38 to 591 managers.

Traditional asset managers were the biggest contributors and accounted for 76% of the net flows.

In 2014, 81% of total AUM was sourced from outside Singapore, compared to 77% in 2013. Of this, 54% was sourced from the Asia-Pacific, 19% from Europe and 18% from North America.

Over the last five years, the industry assets under management have expanded at a 14% compound annual growth rate.

"The robust growth was derived largely from positive asset inflows arising from Asia's growth dynamism and Singapore's position as a pan-Asian asset management hub,” the MAS said.
 

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Top News

June BTO exercise draws over 22,600 applicants
Berlayar Rise and Lakeview Cascadia led demand, whilst overall competition remained broadly stable.
Lim Sim Seng to chair new skills and workforce agency
The 12-member inaugural board will oversee the integration of SkillsFuture Singapore and Workforce Singapore.
HSBC rolls out TradeCash in Singapore
Customers can draw down a loan using sales invoice data.