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 exit of as many as 1,600 advisers as a result of the education requirements will fundamentally redefine adviser capacity, Padua Wealth Data says, and leave clients facing longer turnaround times and reduced access to advice.
WT Financial managing director Keith Cullen has become the latest advice licensee to describe how artificial intelligence is transforming its business as well as plans for two further Hubcos.
ASIC has temporarily suspended the AFSL of a Newcastle-based advice firm after discovering it had unknowingly provided financial services for two years without a key person.
The Financial Advice Association Australia’s Advice Academy has formally launched, assisting Professional Year candidates and supervisors.
