An integrated provider of multidisciplinary professional services in ASEAN has been given the go ahead by Singapore's regulator to commence business as a registered fund management company.
Zico Holdings which provides legal services, Shariah advisory, trust advisory, corporate services and consulting services said its wholly owned subsidiary, Zico Asset Management, has been given approval by the Monetary Authority of Singapore to start business as a registered fund management company.
In a filing to the Singapore Exchange, the company said that the asset management arm intends to serve not more than 30 qualified investors, of which not more than 15 are funds, and to manage assets of not more than $250 million Singapore dollars.
