The latest compliance news: regulatory developments, punishments, guidance, permissions and authorisations for new product and service offerings.

Jupiter Asset Management
Jupiter Asset Management has received a Capital Markets Services Licence from the Monetary Authority of Singapore. The licence allows Jupiter to bring its global investment solutions and services to an extended range of investors in Singapore, including retail clients.

The fund manager said the MAS approval “marks a significant expansion of Jupiter’s international remit” and is an “important milestone for its offerings to clients in Asia – a priority growth market for the firm.” 

Jupiter has built a presence in Singapore and the wider region for the past 15 years.

The increased retail reach to Singapore complements an existing offering for retail investors in Hong Kong and its brand in the UK, Jupiter said in a statement yesterday.   

As part of the change, Sam Konrad, investment manager, Asian equity income, will move to Singapore from London.