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Singapore’s MAS grants CMS licence to SEA Asset Management

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SEA Asset Management has been awarded a full Capital Markets (CMS) Licence to provide fund management services in Singapore by the Monetary Authority of Singapore (MAS).

The licence was granted on 13 August but the company has already been managing investment funds and segregated accounts for accredited investors as a registered fund management company (RFMC) for the past several years. Provisional approval had been given at the end of July.
 
Last year, SEA Asset Management celebrated its 10 year anniversary. The company was originally incorporated in 2007 as Copar Finance Asset Management Singapore Pte Ltd but changed its name to SEA Asset Management Pte Ltd in early 2014.
 
Under the licence from the Monetary Authority of Singapore, the company is now fully licensed to provide a full range of investment management services, portfolio management, marketing and sale of funds to accredited investors.
 
The new licence will help the company expand its existing institutional business in Singapore. “We appreciate the pace and efficiency of MAS considering and processing our licence application. Being accredited by the MAS lends us credibility,” comments CEO Alexander Zeeh.

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