Normal Chartered Financial institution has created a brand new funding firm in Singapore known as Normal Chartered Funds VCC (SC Fund).
This new company entity will permit the financial institution to supply a collection of funds that present shoppers with entry to distinctive funding methods.
In partnership with main international fund managers, Normal Chartered goals to mix the experience of high fund managers with its personal group of world asset class specialists.
This collaboration will ship tailor-made funding methods to the financial institution’s shoppers, aligning with its open structure framework, which selects high options from numerous fund managers and asset courses.
The SC Fund can be managed by a group of funding professionals from totally different geographies, bringing in depth expertise in supervisor choice.
The financial institution mentioned that their rigorous due diligence course of ensures the identification of methods that persistently outperform.
The brand new collection of funds will leverage the experience of chosen sub-investment managers, answerable for funding selections and portfolio administration.
These funds will help long-term strategic asset allocation as a part of a consumer’s basis portfolio.
It should initially be out there to high-net-worth shoppers with accredited or skilled investor standing in Singapore, Hong Kong, and Dubai, particularly inside the financial institution’s Precedence, Precedence Non-public, and Non-public segments.
Patrick Lee
Patrick Lee, CEO for Singapore and ASEAN, Normal Chartered, and Chair of SC Fund, mentioned,
“Singapore is a critically essential marketplace for Normal Chartered, with the financial institution’s international companies primarily based right here. Organising the Financial institution’s first international VCC in Singapore underscores our dedication to construct on the nation’s place as a number one regional and international wealth hub.
By SC Fund, we can problem and handle progressive and related fund options for our international prosperous shoppers in key markets throughout Asia, Africa and the Center East, proper right here from Singapore.”
Samir Subberwal
Samir Subberwal, World Head, Wealth Options, Deposits and Mortgages, and Chief Consumer Officer, Normal Chartered, mentioned,
“As a number one worldwide wealth supervisor in Asia, we all the time endeavour to deliver distinctive and unique options to our shoppers as they handle and develop their wealth. We’re consistently innovating to increase our suite of wealth options, bringing alongside our wealth experience, sturdy heritage and in depth community presence in our footprint markets.
We’re delighted to supply the primary answer beneath SC Fund to high-net-worth shoppers in Singapore, Hong Kong and Dubai, and look ahead to extending the identical providing to shoppers in different key markets very quickly.”
Featured picture credit score: Edited from Freepik
