LM Investment Management registers in Singapore
07 September 2012
Category: News, Asia, Australia, Singapore
Australian fund manager, LM Investment Management has expanded its global distribution, securing registration with the Monetary Authority of Singapore (MAS) to allow accredited Singapore-based investors access to the resilient Australia's property markets.
It is the first of many international jurisdiction registrations underway for the LM Funds, spearheading overwhelming global demand for established Australian investment opportunities across a range of asset classes.
LM founder and CEO Peter Drake says its Singapore registration is a significant step forward in the strategic international growth of LM Investment Management.
"As an Australian operating fund manager, LM holds a distinct advantage in the market. Singapore is a major business opportunity to support our international growth."
"Our projections reveal that our Singapore registration will increase global inflows by 10% in the next 12 months alone," says Mr. Drake.
Over the past 14 years LM has grown its global business to receive investment inflows via a network of licensed financial advisers, intermediaries, platforms and institutions, now spanning more than 70 countries.
"Although our growth has historically been supported by our position as a licensed Australian Responsible Entity in Australia operating within one of the most tightly regulated financial services sectors in the world, intelligence from new regions we are pursuing indicates further international registrations will fast track our global growth, provide the necessary comfort, whilst delivering highly-sought Australian investment solutions to the world," says Mr. Drake.