SINGAPORE’s financial sector had a good showing in 2023 with a 10 per cent growth in assets under management (AUM) to S$5.41 trillion as at Dec 31, 2023, while the corporate debt market also grew strongly, with new issuances rising 21 per cent to S$230 billion.

Private markets have also grown strongly over the years.

Singapore’s financial sector remained resilient in 2023, with good progress across the board, said Chia Der Jiun, managing director of the Monetary Authority of Singapore (MAS) on Thursday (Jul 18).

Source: Businesstimes