Thursday, 20 October 2016
Last updated 31 min ago
Sep 20 2007 | 6:17am ET
Hedge fund assets in Singapore are soaring, and investment banks are rushing to offer their services to them in the city-state. The latest to set up shop there is Deutsche Bank, opening a pair of desks to serve Singapore’s now US$26 billion hedge fund industry.
The bank debuted global prime finance and hedge fund capital introduction desks, which will compete with the likes of Citigroup, Morgan Stanley and Merrill Lynch, who are already in place in Singapore.
“The increasingly diverse and complex needs of our growing Singapore client base demand the services of a local, specialist client services team,” Denis MacCarthy, co-head of Asian equity sales, said.