SINGAPORE (Dec 13): Hong Kong-based CSOP Asset Management set up an office in Singapore just two months ago. As part of its asset management services, CSOP wants to service both family offices as well as its own family office set-up.

Since launching this service in late 2018, CSOP has amassed assets under management of US$500 million ($679 million), drawn from its family office clients. It is aiming to hit US$1 billion “soon” — although finding the right people to help drive this growth is an equally important priority, says Melody He, CSOP’s head of business development, in an interview with The Edge Singapore.

She agrees to the suggestion that private banks offer a much wider range of products and services, but there are many “product gaps” that firms such as CSOP can capture. “We do not seek to compete with the private banks but to supplement what they are offering,” says He.

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