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Tiger Brokers affiliate, Tiger Fund Management, launches in Singapore with $300 mil AUM

Tiger Fund Management will offer asset management products and wealth management services to individuals, businesses and institutions. Photo: Tiger Brokers

First Published by the Edge

Nicole Lim Thu, Sep 14, 2023 • 12:39 PM GMT

Tiger Fund Management (TFM), an affiliate of Tiger Brokers, has officially launched in Singapore today, after it received its Capital Market Services, Fund Management licence from the Monetary Authority of Singapore (MAS) earlier in May.

According to a release dated Sept 14, TFM has secured over $300 million of assets under management (AUM). Its product offerings include a range of asset management products and wealth management services to individuals, businesses, and institutions.

As part of its launch, TFM has also signed a memorandum of understanding with Tiger Brokers and Yuanta Securities (Hong Kong) to collaborate on a variety of products and services, which include the launch of a money market fund in late 2023.

This money market fund aims to provide customers with liquidity and risk management while potentially offering returns comparable to that of USD short‐term deposits, according to the release.

“The launch of TFM represents a significant milestone for the Tiger Brokers group, marking its entrance into the fund management space and signifying the progress it has made in Singapore and the wider region,” says Henry Toh, chief financial officer of Tiger Brokers.

“As part of our long-standing commitment to offering more efficient, innovative and holistic financial services, TFM aspires to deliver exceptional value serving the needs of our clients and capturing growth opportunities in these strategically important business areas.”

Finally, the former chief investment officer of Tiger Brokers, Jeremy Tan, has been appointed as the chief executive officer of TFM. He was previously responsible for strategic and tactical asset allocation and providing thought leadership market commentaries on the outlook for global financial and capital markets at Tiger Brokers.

Tan previously held a position at United Overseas Bank Limited where he managed multi-billion-dollar discretionary global investment mandates for high-net-worth individuals and family offices. He was also involved in fund management for institutional investors for Mitsubishi UFJ Trust and Banking Corporation and Harvest Global Investments Limited.

“Our MOU with Yuanta Securities (Hong Kong) paves the way for potential collaborations in the future and puts us in an excellent position to build on everything we have achieved.

Looking ahead, we will continue to work together on investment and fund-raising activities for all joint fund launches, starting with the money market fund later this year, and will look into the possibility of establishing other funds in Asia relevant to our clients.” says Tan.

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