Singapore investment platform Arki Finance has received a Capital Markets Services licence from the Monetary Authority of Singapore ahead of its planned public launch later this year.
The licence allows Arki to provide regulated investment advisory and portfolio management services to individual investors in Singapore.
The company plans to launch with a cash income offering before adding income and growth portfolios for Singapore’s mass affluent market.
Established in 2024 as Arche Asset Management, Arki was co-founded by David Ng, who has more than 20 years of global asset management experience.
Ng previously worked at Bank of America Merrill Lynch and Morgan Stanley.
He also served as group chief operating officer of CSOP Asset Management in Singapore, where he helped oversee an increase in assets under management from US$3.7 billion to more than US$15 billion, according to Arki.
Former UOB Kay Hian senior executive director Esmond Choo will chair Arki’s board.
Its advisory board includes former Lion Global Investors chief executive Gerard Lee, who previously worked at GIC and Temasek, and Rimmo Jolly, a former Asia Pacific head of iShares at BlackRock.
Arki aims to offer investors another option beyond bank deposits and insurance products.
Featured image: Edited by Fintech News Singapore, based on image by freepik via Magnific
