Singapore proving to be a key growth market: Jupiter

Singapore

AS Singapore grows in importance as a wealth management hub, it is attracting more fund houses looking to expand their operations.

One example is UK-listed Jupiter Asset Management, which grew its sales team here last year amid fast-growing fund flows from Singapore clients.

Said Peter Swarbreck, head of Asia Pacific: "Singapore is proving to be a key growth market. It's a very important hub in wealth management and private banking, no question about that."

In Singapore, Jupiter currently offers a flexible bond fund that is not limited to investing in any sector, and a European equities fund. Its clients are predominantly high net-worth individuals. Net inflows are growing signifi…