Singapore Funds Industry Group (SFIG) to Strengthen Singapore’s Fund Management Ecosystem
New Singapore Funds Industry Group to Strengthen Singapore’s Fund Management Ecosystem
The Monetary Authority of Singapore (MAS) announced on 27 April 2021 the establishment of the Singapore Funds Industry Group (SFIG) – a new partnership between MAS and industry stakeholders to lead the promotion, development and sustainable growth of Singapore’s asset management industry, and enhance Singapore’s value proposition as a leading full-service asset management and fund domiciliation hub by identifying emerging industry trends, new market opportunities, recommending appropriate standards, developmental initiatives and innovative solutions, and formulating strategies to develop the asset management ecosystem.
The SFIG bring together the key players across the entire asset management value chain – fund managers and service providers, such as lawyers, tax advisors, fund administrators and directors – who work closely to support a fund’s operations throughout its life cycle in areas such as fund structuring and set-up, fund administration, regulatory reporting, tax advisory, and fiduciary oversight.
The SFIG Executive Committee (ExCo) is co-chaired by Mr Kai-Niklas Schneider, Managing Partner, Head of Funds and Investment Group, Clifford Chance Singapore and Ms Gillian Tan, Assistant Managing Director (Development & International), MAS. The ExCo comprises senior industry leaders and industry associations representing fund managers and fund service providers, and they lead 4 working groups – covering Infrastructure and Innovation, Policy, Capabilities and Training, Promotion and Advocacy.
Argus Global (now Waystone Compliance) is well-positioned to serve the rapid growth of the fund management industry in Singapore and be instrumental to build a value proposition and Singapore as a funds domiciliation hub. Reach out to us at email@example.com if you wish to know more.
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