Thompson Lloyd Baker Confirms it Will Open a Subsidiary Office in Singapore
Thompson Lloyd Baker 's Co-Founder & Chief Financial Officer Aaron Thompson visited Singapore's central business district last week and confirmed he had found suitable offices, which the company aim to move into in August 2017.
- (1888PressRelease) October 25, 2016 - Mr. Thompson said that "Singapore holds many advantages for independent firms like ours, not least that government policy is tailored to meet the needs of the finance sector". He went on to say "Singapore has now overtaken Hong Kong as the world's third-best financial center and we feel it is essential to have a foothold in Singapore to increase our client base and expand our business".
Singapore is a Leading Financial Hub in Asia
According to the Global Financial Centers Index Survey 2013, Singapore is the world's fourth ranked financial center in terms of competitiveness. The wide range of products and services offered here include banking, foreign exchange, bonds, equities, derivatives, asset management and insurance; with private banking, risk and wealth management identified as future growth areas. The country also hosts some of the world's leading names in insurance broking, offshore insurance, captive and risk management.
So much so that with total assets under management of around S$1 trillion, the city-state is reconsigned as the premier asset management center of Asia. It also has the world's fourth largest foreign exchange market, Asia's second largest over-the-counter derivatives trading center, and is one of the region's leading commodities derivatives hub.
The Singapore Exchange (SGX) - the first integrated cash and derivatives exchange in the Asia-Pacific - with over 200 global companies listed in it, has a varied product range including exchange-traded funds, single stock, and bond futures. With a liberalized banking sector, Singapore's domestic financial sector has become more robust amidst global competition.
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