"This is an area where MAS wants to continue to work closely with the industry and see how we can grow it further," says Chee, speaking at a forum organised by UBS, the world's largest wealth manager.
Amid the years of rising geopolitical tensions, the steady growth of Singapore’s financial services industry has shown investors that this is a sector where they can take a long-term view, says Chee Hong Tat, minister for transport, and second minister for finance.
Within the overall financial services sector, the wealth management segment grew as well, says Chee, who wears another hat as the deputy chairman of the Monetary Authority of Singapore.
