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Singapore advice firm eyes DFM offering

It will have an ‘advantage’ over local private banks and independent asset manager, says CEO Singapore-based financial advice firm AAM Advisory is looking to expand the services it offers clients. Chief executive Eryk Lee revealed to International Adviser that the company is looking to secure a capital market services (CMS) licence from the Monetary Authority of Singapore (MAS) by 2021. The business already holds a financial advisory licence, but it has set eyes on expanding its in-house proposition and expertise. Lee said: “Perhaps, we will be very similar to the independent asset managers as well as private banks that do what we can do.”

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