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MAS Chairman Gan Kim Yong: Multiple measures to be introduced to promote the wealth management industry, including tax exemptions and talent acquisition.
Singapore's Deputy Prime Minister and Chairman of the Monetary Authority of Singapore (MAS), Gan Kim Yong, announced at the Wealth Management Institute's Global-Asia Family Office Summit that Singapore will introduce several measures to promote the growth of its wealth management industry. These include tax exemptions for fund management services provided to qualifying funds, the establishment of a new hedge fund investment program, and the creation of an investment management talent pathway under the Overseas Networks & Expertise (ONE) Pass framework to attract top global asset management talent.
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