Jupiter Asset Management is pleased to announce that it has received a Capital Markets Services (CMS) License from the Monetary Authority of Singapore (MAS), allowing it to bring its global investment solutions and services to an extended range of investors in Singapore, including retail clients.
The MAS approval marks a significant expansion of Jupiter’s international remit and will be an important milestone for its offerings to clients in Asia - a priority growth market for the firm. The extension of Jupiter’s investment and distribution capabilities highlights its strong commitment to Asia as it builds on a steadily growing presence in Singapore and a 15-year track record in the region.
Jupiter has been present in Asia since 2009; it has taken a prudent approach to growing its regional business and gained a deep knowledge of the local investment landscape and distribution channels, whilst building strong relationships with global and regional private banks, a number of which support consumer banking clients. As the firm enters its next phase of growth, its increased retail reach to Singapore complements an existing offering for retail investors in Hong Kong and a strong retail brand in the United Kingdom.
Jupiter’s entry into the Singapore retail space is supported by the relocation of Sam Konrad, Investment Manager, Asian Equity Income, from London to Singapore.
The addition of Sam Konrad to the Singapore office reinforces Jupiter’s expanded regional team and capabilities in recent years, which includes a ramp up of investment, marketing, compliance and sales support across its two Asia offices in the city-state and Hong Kong.
Matthew Beesley, Chief Executive Officer, commented, “Jupiter has been a trusted partner to global investors for nearly 40 years. With strong local investment and distribution expertise in Asia, we believe now is the ideal time to be able to expand our equities and fixed income investment solutions to the retail space in Singapore. With a strengthened, dedicated team on the ground, we look forward to helping investors achieve long-term superior returns in today’s complex and evolving investment landscape.”
Madeline Han, Head of Asia, said, “We are delighted that Jupiter has obtained the MAS license and look forward to making Jupiter products available to the Singapore retail space in 2025.
Retail investing is part of the DNA of our firm; we understand the demands and challenges of the retail market very well, and we continuously aim to deliver the best investment outcomes for our clients.”
Singapore will continue to serve as a strategically important market to support Jupiter’s institutional efforts in Asia and the further growth of the business. The firm will continue to build up scale and capabilities in the region to help clients achieve their long-term investment objectives through high conviction, active management.
About Jupiter:
Jupiter is a specialist, high conviction, active asset manager. We exist to help our clients achieve their long-term investment objectives. From our origins in 1985, Jupiter now offers a range of actively managed strategies available to UK and international clients including equities, fixed income, multi-asset and alternatives. Jupiter is a constituent member of the FTSE 250 Index, and has assets under management of £51.3bn /$64.8B /€60.5B as at 30/6/2024.
Independence of thought and individual accountability define us. Our fund managers follow their convictions and seek those investment opportunities that they believe will ensure the best outcome for our clients. They do this through fundamental analysis and research, a clear investment process and risk management framework, with a focus on good stewardship.
We believe that asset managers have a critical leadership role to play in helping to resolve some of the greatest challenges facing the world. In this spirit, we are proud of our long-established credentials in the fields of ESG and sustainable investment, and of our ongoing commitment to specialism and innovation in these areas. Jupiter is a constituent member of the FTSE4Good Index, and a signatory on a number of key initiatives such as the UN Principles for Responsible Investment.
Jupiter’s values and responsible business practices are aligned with the principles of the UN Global Compact and the 2020 UK Stewardship Code. Having engaged with the Financial Reporting Council (FRC) on the implementation of the 2020 UK Stewardship Code, we support this reinvigorated framework and have undertaken further investor outreach with the FRC and the Investment Association (IA). We are proud of the A+ score for strategy and governance we obtained in the latest assessment of our activities under the Principles for Responsible Investment (PRI). We also maintained our ‘A’ status under the PRI principles for our equities strategies and improved our ranking to an ‘A’ in fixed income. We are a member of the Investor Forum (IF), the UK body which helps facilitate collective engagement with companies, with Jupiter’s Edward Bonham Carter on the Board of Directors.
For further information, please contact:
Victoria Howley
Jupiter Asset Management
0203 817 1657
Victoria.howley@jupiteram.com
Olivia O’Connor
Jupiter Asset Management
0203 817 1436
Olivia.OConnor@jupiteram.com
Important Information
The information contained in this press release is intended solely for members of the media and should not be relied upon by private investors or any other persons to make financial decisions.
This communication, including any data and views in it, is not a financial promotion as defined in MiFID II. It does not constitute an invitation to invest or investment advice in any way. Every effort is made to ensure the accuracy of any information provided but no assurances or warranties are given.
Market and exchange rate movements can cause the value of an investment to fall as well as rise, and you may get back less than originally invested.
The views expressed are those of the spokesperson at the time of writing, are not necessarily those of Jupiter as a whole and may be subject to change. This is particularly true during periods of rapidly changing market circumstances.
Issued in the UK by Jupiter Asset Management Limited, registered address: The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ is authorised and regulated by the Financial Conduct Authority. Issued in the EU by Jupiter Asset Management International S.A. registered address: 5, Rue Heienhaff, Senningerberg L-1736, Luxembourg which is authorised and regulated by the Commission de Surveillance du Secteur Financier.
Issued in Hong Kong by Jupiter Asset Management (Hong Kong) Limited and has not been reviewed by the Securities and Futures Commission. Issued in Singapore by Jupiter Asset Management (Asia) Private Limited and this advertisement has not been reviewed by the Monetary Authority of Singapore.