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
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.