Singapore institutional mandates may double

Mandates by Singaporean institutions may double in size over the next five years to S$110 billion ($64 billion), according to the most recent annual Singapore Assets Report published by Bermuda Trust, a subsidiary of Bank of Bermuda. The report, undertaken in collaboration with local asset management consultancy GFIA, estimates the outstanding mandates from government and government-linked institutions total S$50-60 billion. This could grow rapidly if the board of the Central Provide…