Aviva Investors receives fund management licence for Singapore
Aviva Investors today announced that it has received a Capital Markets Services Licence in Fund Management from the Monetary Authority of Singapore (MAS). The licence allows Aviva Investors to provide fund management services in Singapore to both retail and institutional clients, across segregated mandates, closed-ended and open-ended funds.
The licence means that Aviva Investors will no longer be limited to the number and type of investors it can work with. Since first opening its office in 2007, it will now be able to offer a greater number of products to a larger number of clients.
Craig Bingham, chief executive – Asia Pacific said: “We have viewed Singapore as a core market for some time and have been keen to expand our capabilities to meet growing client demand to invest in this region. Singapore is Aviva Investors central location for investment manufacturing in Asia and the granting of this licence enables us to build a more meaningful presence. It will also allow us to bring our global expertise more comprehensively to the market.
“This is a significant milestone that enables us to build on our growing reputation for real estate fund management in Asia and also gives us the opportunity to build our locally based fixed income and equities investment expertise.
“This licence reflects our commitment to the region and we are looking forward to being in a position where we can offer our clients the best possible solutions that caters for their needs.”
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For more information contact:
Wendy Svirakova
Corporate Affairs
+44 (0)20 7809 8810
Notes to editors:
Aviva Investors
Aviva Investors is the global asset management business of Aviva plc. The business delivers investment management solutions, services and client-driven performance to clients worldwide. Aviva Investors operates in 14 countries in Asia Pacific, Europe, North America and the United Kingdom with assets under management of almost £249 billion at 30 June 2010.
Aviva plc
Aviva is the world’s sixth largest1 insurance group, serving 53 million customers across Europe, North America and Asia Pacific.
Aviva’s principal business activities are long-term savings, fund management and general insurance, with worldwide total sales2 of £45.1 billion and funds under management of £379 billion at 31 December 2009.
1 Based on gross worldwide premiums at 31 December 2009.
2 Based on 2009 published life and pensions PVNBP on an MCEV basis, total investment sales and general insurance and health net written premiums, including share of associates’ premiums.