Today in asset owner history: Singapore tightens licence requirements

In early August 2012, Singapore tightened licensing requirements for asset managers, a move that analysts said would raise standards in the city-state and benefit independent wealth managers such as family offices. At the time, the analysts compared Singapore with Hong Kong, stating that licensed fund managers in Singapore were less credible than those in Hong Kong because of tighter requirements in the latter. Since then, the comparisons between the two territories have continu…