Singapore: One of Asia’s Key Financial Centres

September 29, 2014

With the opening of Dechert’s office in Singapore – our 27th globally – we wanted to introduce readers to another of the key global financial centres. The importance of the city state as a financial centre is both incontrovertible and – in common with Hong Kong – out of proportion to its size. Despite a population of only 5.4 million, Singapore is home to over 200 banks, in excess of 500 entities in the asset management industry licenced under one of the MAS regimes, and the fourth-largest foreign exchange market globally, not to mention being the listing location for approximately 800 companies. The financial sector contributes 12% of Singapore’s GDP and employs more than 180,000 professionals.

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