SINGAPORE - Morley Fund Management Singapore has been awarded the status of Enhanced Fund Manager (EFM) by the Monetary Authority of Singapore (MAS).
Steven Choy, CEO of Morley Singapore, said the new status recognises the group’s continued expansion in Singapore over the last five years.
“Leveraging our experience and success in Singapore, we aim to extend the Morley brand and our trademark of excellence to other parts of the Asian fund management fraternity,” he said.
Morley’s institutional MD, Malcolm Le May, says he is optimistic that the EFM status will help Morley Singapore to achieve its goal to establish Morley as one of the top-five fund management brands in the Asia Pacific market. He commented: “While the global economic downturn will inevitably lead to a pause for thought in the short-term, we continue to take the long-term view that Asia offers great potential in the next wave of growth.
“As our largest Asian office, we remain committed to growing our business in Singapore and extending our presence throughout the Region.”
By Janet Du Chenne
The Pensions Administration Standards Association's Margaret Snowdon won the coveted Pensions Woman of the Year award. She tells Stephanie Baxter about lessons she has learned along the way.
Defined benefit (DB) schemes are set to shorn themselves of over £300bn of liabilities between 2019 and 2021 as they continue to mature, Mercer predicts.
This week's top stories include the Competition and Markets Authority issuing its final report for the investigation into investment consultants, and The Pensions Regulator launching its first fraud prosecution.
Many investment portfolios that rely heavily on stock-bond diversification to manage risks may not be protected against inflation surprises. Real assets offer a solution.