Despite 1.2% dip and global financial challenges, MAS praises Singapore’s asset management

26 July 2012 | 2 minutes read

Ravi Menon, managing director of Monetary Authority of Singapore (MAS) lauded the 1.2% decrease in total assets managed by Singapore-based asset managers, totaling S$1.34 trillion (US$1.07 trillion) commenting that the figure was “not bad” given the weak performance and volatile financial markets worldwide. According to Menon, the number of investment professionals in the city-state increased by 15% last year alongside…

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