DomaCom establishes Singapore presence
Sydney-based property fund and platform manager, DomaCom has opened an office in Singapore as it seeks to develop a presence in the region.
The office opening has been announced by DomaCom chief executive, Arthur Naoumidis who said its factional property investment offering had garnered significant interest offshore from investors keen on the Australian property market.
He said that to cater to this interest, the company was now seeking to have the DomaCom Fund offering authorised by the Monetary Authority of Singapore (MAS) for distribution to Singapore Exempt Investors, the equivalent of Australia’s sophisticated investor category.
Naoumidis said the company had appointed long-term Singapore based, Paul Zaman as Managing Director of DomaCom Singapore Pte Ltd.
He said Zaman would head the Singapore operations which would support licensed wealth and financial advisors servicing Singapore Exempt Investors.
Recommended for you
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.