asset management industry has seen double-digit
annual growth over the past five years. As at end
2005, funds managed in Singapore totaled S$720
billion, a jump of 26% from 2004.
Singapore has become a leading asset management
centre in the Asia Pacific as a result of various
advantages: socio-political stability, sound
economic fundamentals, a robust and efficient
legal and judicial framework, a well-regulated
international financial sector, and a ready pool
of talent and expertise.
In terms of talent and expertise, there were
close to 1,300 investment professionals in Singapore
as at end 2005. Many asset management companies
have expanded their services in Singapore to
include research, regional trading desks, and
centralised their middle and back office functions.