Aviva Investors wins Singapore licence, awaits QFII quota
The UK firm also plans to set up a mainland China business and further build its Asia team in Singapore, including bringing in asset-and-liability management specialists.
Following an aggressive Asian hiring push in recent months, Aviva Investors has taken another major step in the region by obtaining a capital markets licence in Singapore.
The asset management arm of UK insurer Aviva has operated in the Lion City for three years under exempt fund-manager status, but the licence gives it the “latitude and commercial backdrop to invest more committedly”, says Tahnoon Pasha, Asia ex-Japan chief executive for equities and fixed income in Singapore.
The fi…
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