Hanwha Asset Management Pte. Ltd. received licenses from the Monetary Authority of Singapore to operate as a retail licensed fund management company and as a financial adviser in the city-state, Yonhap News Agency reported Sept. 25.
The licenses allow Hanwha Asset Management to market stocks, bonds and alternative investments to all types of investors in Singapore.
Hanwha Asset Management Pte. Ltd. is a unit of South Korea-based Hanwha Asset Management Co. Ltd.
