Wealthtech

CGS-CIMB Securities Launches Digital Investment Service for Singapore’s Millennials

CGS-CIMB Securities International, an integrated financial service provider in Asia, has launched a digital investment service in Singapore called ProsperUs.

ProsperUs will leverage CGS-CIMB’s deep research intelligence and network, to offer an investment experience for millennials that is convenient and secure to grow their investment portfolios.

ProsperUs currently offers eight different asset classes across 30 exchanges, 25 markets, comprising 30,000 instruments where investors will be able to invest actively in equities, bonds and FX or passively with exchanges traded funds.

Additionally, they will be able to diversify their investments with mutual funds that meet their investment objectives, and hedge risks through derivatives like options, futures and contracts for differences (CFDs).

The digital investment service aims to attract 10,000 investors and is set to launch in other Asian markets in the next 12 months.

New customers who sign up between April to June 2021 with a minimum investment of S$1,000 stand a chance to receive between S$280 up to S$880 worth free tokens to offset their trading fees.

Carol Fong

Carol Fong, Group CEO at CGS-CIMB commented,

“Leveraging CGS-CIMB’s 40 years of industry experience in financial industry, we are best placed to provide investment opportunities across the region that may not be otherwise available.

I am excited about ProsperUs and its potential to become the preferred investment platform for empowering millennials to make better investment decisions for the long term.”

Saw Ping May

Saw Ping May, ProsperUs’ Founder and CGS-CIMB’s Group Head of Strategy and Analytics said,

“I find investment platforms today are highly commoditised. What differentiates ProsperUs is that it’s created by our team of millennials for millennials, empowering us to grow our wealth from the first to last dollar.

Investors would find that our rates are among the lowest for US trades, capped at a fixed fee of US$5 a trade. We’ve placed strong emphasis on educating our investors to raise financial literacy for the asset classes and markets that we offer.”

Featured image credit: Screengrab from ProsperUs