An investment house has secured a licence to operate from the MAS.

Muzinich & Co, a global corporate credit specialist, has opened an office in Singapore, its first in Asia. The firm obtained a Capital Markets Services License for fund management from the Monetary Authority of Singapore (MAS).

Eric Pictet, who has held various senior positions in Europe since joining the firm in 2003, will have primary oversight of the Singapore office. 

The Singapore opening extends Muzinich’s international footprint to nine offices. The firm, which was founded in 1988 and has its headquarters in New York, now manages over $30 billion of assets globally in corporate credit across public and private debt markets.

Mel Siew, an experienced credit analyst who has over six years’ tenure with the firm, has joined Pictet in Singapore. Siew will continue to work closely with the firm’s portfolio managers and credit analysts. Muzinich has over $1.3 billion invested in Asian credit through a variety of strategies, which include dedicated Emerging Market and Global strategies.