Strategy

Singapore, UK Firms Form Strategic Partnership

Tom Burroughes Group Editor 20 October 2017

Singapore, UK Firms Form Strategic Partnership

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. 

 

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