With Singapore’s stature as a global finance hub and gateway to Asia rising – and Hong Kong’s attractiveness potentially waning – Avanda is seeking to grow by investing in a wider variety of assets across the region, including China, and taking on new clients from family offices to pension funds and other institutions.
Each morning Ng Kok Song meditates for 25 minutes to clear his mind. Later he may tend to his garden or even take a nap. But far from enjoying a quiet retirement, the 74-year-old has built one of Singapore’s fastest-growing investment firms with plans to make it a global player.
Avanda Investment Management’s assets have more than doubled to around US$10 billion ($13.4 billion) since it was co-founded by Ng in mid-2015 – soon after he retired from sovereign wealth giant GIC Pte. as its chief investment officer following a 42-year career in the public service.
