The package introduces a profit-linked tax exemption, a hedge fund investment programme and a new track to anchor managers and senior talent.
The Monetary Authority of Singapore (MAS) has announced a package of measures aimed at sharpening the city-state’s competitiveness as a leading global asset management centre. The initiatives were intended to deepen industry capabilities and attract top-tier managers The sector contributes about 15% of financial services output and 13% of employment, and has grown by an average of 7.5% annually over the past five years to nearly S$7 trillion (US$5.51 trillion) in assets. The reg