On April 22, wealth management platform iFAST Corporation reported record numbers for its net profit, gross unit trust subscription, net inflows of client assets and assets under administration (AUA).

On April 26, the company also announced that it was paying DWS Investments Singapore (DWS) $3 million to take over the fund management business of its seven retail funds in Singapore.

The funds, with assets under management (AUM) of $600 million, will be co-branded under the iFAST-DWS banner.

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