Vestr, a Swiss platform that digitizes the lifecycle management of actively managed investment products, has expanded to Singapore following a partnership with Julius Baer through the F10 FinTech Incubator Program.
vestr Pte Ltd, vestr’s Singapore branch, was awarded a proof of concept (POC) grant from the Monetary Authority of Singapore (MAS) for Financial Sector Innovation (FSTI).
The FSTI POC Grant provides financial support for the testing, development and dissemination of early innovative technologies in the financial services sector.
vestr will work with Julius Baer’s Singapore entity on a POC for Actively Managed Certificates (AMC), which will begin in August 2021 and will end in the second half of 2022.
POC assesses the feasibility of digitizing AMC’s end-to-end value chain for Julius Baer’s Singapore entity, addresses potential regulatory and legal concerns, and addresses AMC’s market demand in Singapore and Asia. Focus on verifying the expansion.
Rajesh Man Crocodile, Head of Markets and Wealth Management Solutions for Julius Baer’s Asia Pacific region, commented:
“The partnership with vestr to provide digital services for active management in Singapore aims to improve transparency, flexibility and time to market. This innovative platform provides services. I am confident that AMC activities will be accelerated and become more efficient and intuitive. “
Rico Blaser, co-founder and CEO of vestr,
“We believe in democratizing active management through a full process, which allows issuers and asset managers to focus on providing better and more efficient services to their clients. increase.”
Image Credit: Edited from Unsplash
Swiss Wealth Tech Vester Partner Julius Baer Promotes Singapore Expansion Plan
Source link Swiss Wealth Tech Vester Partner Julius Baer Promotes Singapore Expansion Plan