Aviva Investors has received a Capital Markets Services Licence in Fund Management from the Monetary Authority of Singapore.
The licence will allow Aviva Investors to provide funds management services in Singapore to retail and institutional investors across segregated mandates, closed and open-ended funds.
Aviva Investors Asia Pacific chief executive Craig Bingham said the company had viewed Singapore as a core market for some time and had been keen to expand capabilities to meet growing client demand in the region.
"This is a significant milestone that enables us to build on our growing reputation for real estate funds management in Asia and also gives us the opportunity to build our locally based fixed income and equities investment expertise," Bingham said.
