SINGAPORE-Tiger Fund Management (TFM), an affiliate of Tiger Brokers (Singapore), today announces its official launch having been granted a Capital Market Services, Fund Management license registered and regulated by the Monetary Authority of Singapore (MAS) in May 2023.
At present, TFM has secured over SGD 300 million of assets under management (AUM) and continues to attract keen investor interests.
Leveraging Tiger Group’s technology capabilities and product excellence into a competitive advantage, TFM’s offering will include a range of asset management products and wealth management services to individuals, businesses, and institutions.
“The launch of TFM represents a significant milestone for the Tiger Brokers group, marking its entrance into the fund management space and signifying the progress it has made in Singapore and the wider region,” said Henry Toh, CFO of Tiger Brokers (Singapore).
“As part of our long-standing commitment to offering more efficient, innovative and holistic financial services, TFM aspires to deliver exceptional value serving the needs of our clients and capturing growth opportunities in these strategically important business areas.”
In conjunction with its official launch, TFM has also inked a tripartite memorandum of understanding (MOU) together with Tiger Brokers (Singapore) and Yuanta Securities (Hong Kong), a leading securities house providing wealth management service and brokerage business in Asia.
The MOU builds upon TFM’s commitment to furthering its relationship with diverse funds and broadening the scope of its offerings.
This partnership also marks Yuanta Securities (Hong Kong)’s first-ever collaboration with a Singapore-based fund management firm.
