SC Investment Management Granted Singapore Capital Markets Services License
The coveted licence will ultimately help to bolster and ratify the company’s existing fund management business in Singapore.
SC Investment Management Pte Ltd, an affiliate of SC Capital Partners, a real estate private equity platform that invests across the Asia-Pacific region, has been awarded a Capital Markets Services licence by the Monetary Authority of Singapore to provide fund management services in Singapore. The licence was approved on November 12 2015.
With the new licence, SC Investment Management Pte Ltd will be able to conduct a full range of fund management activities to institutional and accredited investors, including investment management, research, portfolio management, marketing and offer collective investment schemes.
“We are honoured to be awarded this licence which is much sought after in Singapore,” said Vidula Verma, General Counsel of SC Capital Partners. “It validates and reflects our efforts to aim for higher governance, compliance and best practices standards, so that our investors are always assured that their investments are in safe hands.”