The Monetary Authority of Singapore (MAS) has announced a set of measures to strengthen Singapore's position as a leading asset management hub:

• a proposed tax exemption for qualifying profit-related returns from the provision of fund management services, expected to take effect from the Year of Assessment 2027, with further details at Budget 2027;
• a new Hedge Fund Investment Programme to invest with hedge fund managers committed to establishing or deepening their presence in Singapore; and
• a new Investment Management Track under the ONE Pass framework, with the Ministry of Manpower, which may recognise returns linked to investment performance as part of established compensation structures in the industry.

These are areas AIMA and its members have been engaging with MAS on, and AIMA welcome the authority's response.

"MAS listened widely, and then it moved fast. The industry's job now is simple: help make it work," said Kher Sheng Lee, Managing Director and Co-Head of Asia Pacific, AIMA.

The package moves across the full proposition for the industry, managers, talent and capital, priorities AIMA and its members have consistently identified, most recently in a letter to MAS in July.