OVER RECENT YEARS, Singapore’s government has been preparing the country to become an international wealth management centre. Socio-political stability, a strong domestic economy, a clean and efficient legal infrastructure, best practice in financial sector regulation and supervision standards, and a ready pool of experienced professionals have attracted the world’s top 20 private banks and more than 30 of the top 50 US and European fund managers to set up in Singapore, boasts the Monetary Authority of Singapore (MAS).
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