vestr, a Swiss platform that digitises the life-cycle management of actively managed investment products, has expanded to Singapore following a partnership with Julius Baer though F10’s fintech incubator programme.
vestr Pte Ltd, the Singapore branch of vestr, was awarded the Monetary Authority of Singapore’s (MAS) Financial Sector Technology and Innovation (FSTI) Proof-of-Concept (POC) grant.
The FSTI POC grant provides funding support for experimentation, development and dissemination of nascent innovative technologies in the financial services sector.
vestr will collaborate with Julius Baer’s Singapore entity for a POC on Actively Managed Certificates (AMCs) which started in August of 2021 and is expected to conclude in the second half of 2022.
The POC will focus on assessing the feasibility of digitising the end-to-end value chain of AMCs for Julius Baer’s Singapore entity, addressing the potential regulatory and legal concerns, as well as validating the extend of market demands for AMCs in Singapore and Asia.
Rajesh Manwani, Head of Markets and Wealth Management Solutions, Asia Pacific at Julius Baer commented,
“The partnership with vestr to offer digital services around active management in Singapore, aims to improve transparency, flexibility and time-to-market. We believe that this innovative platform will accelerate our services and AMC activities, making it more efficient and intuitive.”
Rico Blaser, Co-Founder and CEO of vestr shared,
“We believe in democratising active management by the full process. This will further enable issuers and asset managers to focus on servicing their clients better and more efficiently.”
Image credits: Edited from Unsplash