Strategy
Singapore, UK Firms Form Strategic Partnership
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The financial planning firm for UK residents and expats has joined forces with a firm in Singapore to to enhance investment offerings.
The Fry
Group, a global financial advisory group and Independent
Strategic Group, a fintech firm, have formed a strategic
alliance connecting London and Singapore.
Under the arrangement, The Fry Group can offer clients “an
enhanced investment service powered by ISG’s investment
management expertise, a statement from the companies said
yesterday.
The service will be offered to The Fry Group’s clients in the UK,
via Purple Strategic Capital, ISG’s research and digital asset
management business. The Fry Group has £1.6 billion of assets
under management.
In Singapore, the tie-up will be in the form of a joint venture,
known as Purple Asset Management, or PAM, and is regulated by the
Monetary Authority of Singapore. PAM will power The Fry Group
Singapore’s Investment Service and will offer investment services
to clients in the Southeast Asia market via its Singapore
offices.
“We’ve already started creating a new offering for the SE-Asia
market in PAM, and look forward to working closely together and
bring in new and exciting approaches to the market,” Jeremy
Woodley, Sales and Marketing Director, The Fry Group,
said.
PAM will use Purple Strategic Capital’s proprietary process,
Quantimental™, along with investment research options.