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Raffles FO secures CMS licence to expand in Singapore

Hong Kong-based Raffles Family Office has obtained a Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS), Asian Private Banker can reveal. With the CMS licence, Raffles’ Singapore branch — which opened its doors at CapitaGreen on 1 October 2018 — will be able to sign independent asset manager (IAM) agreements with private banks which have booking…

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