Sygnum Ramps Up Singapore Operations
The crypto firm, which has just received a Swiss banking license, can now conduct asset management activities in Singapore, and has brought a former GIC managing director on board as an advisor.
Digital technology group Sygnum has received a capital markets services (CMS) license from the Monetary Authority of Singapore, and will be ramping up its operations in the city-state by focusing on digital asset investment strategies for accredited and institutional investors, the company announced in a press release on Thursday.
The Swiss-Singapore firm's first product, which will launch on 1 November, is a digital asset-focused fund-of-funds.
«We want to help our clients construct broader, diversified portfolios with reduced risk and institutional-grade trust,» Stefan Mueller, head of asset management, said about Sygnum's multi-manager product approach.
Former GIC Managing Director Joins
The company also announced that Jennifer Lewis (pictured below) will become an advisor to its Singapore leadership team, joining figures such as Hsieh Fu Hua, director of Grab Holdings and former chairman of United Overseas Bank, and Ang Kong Hua, chairman of Sembcorp Industries, on the firm's advisory council.
Jennifer Lewis, advisor to Sygnum's Singapore leadership team
Lewis was the managing director of communications of GIC. She currently advises the Singapore sovereign wealth fund on the strategic management of its internal and external communication activities. Before she joined GIC in 2007, she worked a journalist for 20 years.
