Aviva Investors, the insurer's global asset management business, has been granted permission to offer fund running services to the Singaporean market.
It has received a Capital Markets Service Licence in fund management from the Monetary Authority of Singapore, the city-state's central bank. The group can now provide fund management services in that market to both retail and institutional clients, across segregated mandates, closed-ended and open-ended funds. "The license means that Aviva Investors will no longer be limited to the number and type of investors it can work with," Aviva says in a statement. "Since first opening its office in 2007, it will now be able to offer a greater number of products to a larger number of c...
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