Global valuation and corporate finance advisor Duff & Phelps has seen a rise in applications from Hong Kong asset managers to open offices in Singapore and apply to do regulated business, according to Sin Yee Koh, director of compliance & regulatory consulting.
(Jan 14): Hong Kong’s protests are spurring more asset managers from the city to ask about opening offices in Singapore, according to consultants.
While the unrest isn’t the only factor, the development adds to signs that Singapore is picking up business in part due to the protests. The list includes a private equity gathering that’s shifting to Singapore this year, family office advisers getting calls about clients looking into the logistics for moves and Hong Kong parents eyeing Singapore schools.
