Assets under management
Riding on the momentum of double-digit growth rate for the past seven
years, the asset management industry continued to perform strongly
in 2007. Funds managed in Singapore grew 32% in 2007 to reach
close to S$1.2 trillion.
Singapore is recognised as one of the premier asset management
centres in the Asia Pacific. It is well-positioned for fund managers to
tap on opportunities in Asia because of its socio-political stability, sound
economic fundamentals, reputable legal regime, well-regulated
international financial sector and skilled workforce.
In tandem with the growth of the asset management industry, the
number of investment professionals increased by 22% to 2,185 in
2007, up from 1,786 in 2006. Asset management companies have
continued to expand their operations in Singapore to include research,
trading activities and regional middle-to-back office settlement functions.
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