Singapore-based asset manager DPA Investment is planning to expand to Europe with the opening of a trading office.
The new office will serve as the centre of the firm’s overseas operations in Europe, the UK and the Americas.
The move has been driven by an increase in retail accounts, according to DPA’s chief financial officer James Wei.
There has also been an increase in DPA’s overseas client base. More than a quarter of its new client accounts have come from Europe and Africa.
Furthermore, client accounts have grown by 52% compared to the previous year, with 80% coming from outside of Singapore.
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