Roadmap for a Leading Global Financial Centre in Asia
Learn about MAS' roadmap for financial services, including growth strategies, skills upgrading, and agenda for innovation and technology.
Singapore has established itself as one of the leading private banking and wealth management centres globally and in Asia.
High net worth individuals choose Singapore for our sound financial regulation, strong rule of law, as well as political and economic stability. The breadth and depth of institutions here also give them ready access to global and regional financial markets while providing a full suite of wealth management services to meet their every need.
In addition, Singapore has built up a strong eco-system of capabilities to support the growth of private banking. These include:
Wealth management of the future will be one of stewardship and purposeful deployment of assets… We will continue to work with our industry partners to facilitate future-planning for the future generation.
On the back of rising growth of Asian wealth, an increasing number of families are consolidating their wealth in Singapore through formal structures, such as family offices.
Mr Ravi Menon, Managing Director, MAS, spoke on three investment themes that investors can consider to achieve wellness in their investment.
At the Euromoney Asia Private Banking Seminar, Mr Ng Yao Loong, MAS' Assistant Managing Director outlined MAS' plans to position Singapore’s wealth management industry for the future. It includes professionalising family wealth management, and facilitating investments.
Singapore, 30 October 2017… The Monetary Authority of Singapore (MAS) today released the industry transformation map (ITM) for financial services, which outlined growth strategies by business lines, programmes for upgrading skills, and an agenda for continuous innovation and technology adoption. 2 Speaking at the launch...