THE FINANCIAL & PROFESSIONAL BUSINESS SERVICES SECTOR IN SINGAPORE
Long regarded as a leading wealth management hub, Singapore is an excellent place for investors to gain access to not just the Singapore markets, but also opens plenty of regional and global investment opportunities.
3rd
S$2.4tn
S$2.1bn
Largest foreign exchange market in the world by turnover
Total assets under management by the Singapore Exchange (SGX)
Nominal VA of the legal industry in 2017
UK EXPERTISE
SINGAPORE ECOSYSTEM
The PBS industry was responsible for 27% of all UK service exports in 2017 according to ONS, a total of £66bn. Within the UK, the sector makes up 25% of all businesses, with a combined turnover of £399bn. Financial services continued to be the largest service product exported globally, with £21.7 billion worth exported by UK businesses (excluding travel, transport and banking industries) in 2018.
Recently, the Monetary Authority of Singapore (MAS) unveiled an industry roadmap to enhance and strengthen its role as a core Asian financial hub, implement strategies to grow the sector by at least 4% every year, and incorporate new technological innovations into the current market to improve efficiency and productivity. As an international financial centre, it is home to over 1,200 financial institutions.
INTERESTED IN SCOPING THE SINGAPORE FINANCIAL & PROFESSIONAL BUSINESS SERVICES MARKET FOR YOUR UK BUSINESS?
HOW WE CAN HELP
OUR FINANCIAL & FINTECH COMMITTEE
The Financial and FinTech committee covers some of Singapore's leading financial market sectors where a high level of major and niche British institutions and financial firms occupy strong and influential market positions. Its aim is to significantly expand Chamber membership at both the corporate and individual level by raising the standard of and focusing the networking and promotional opportunities within both the financial services and thriving FinTech sector, and to the rest of the committees and membership.
