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
After seven years at the company, Iress’ chief technology officer for wealth management APAC, Anthony Gerrits, has departed as the firm commences a search process to fill the role.
With advice firms thinking about scaling up in 2025, research has detailed the main avenues financial advisers say they have used for successful recruitment.
The board of Insignia Financial has reached a decision regarding the possible acquisition of the firm by US private equity giant Bain Capital.
Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses.
