Singapore Asset Management AUM Growth Hits 12% as City Strengthens Global Hub Role

Singapore’s asset management industry grew to about S$6.7tr (USD4.96tr) in 2024, up roughly 12% from a year earlier, underscoring Singapore asset management AUM growth and the city-state’s role as a hub for international strategies, Russell Adam, senior managing partner at Resource Group Holdings wrote.

About 77% of assets originated from outside Singapore and nearly 88% were invested overseas, he said.

Alternatives including private equity, venture capital, private credit and real assets rose about 14% to around S$789bn, while ESG considerations now apply to nearly half of institutional portfolios.

Adam added that Singapore hosted more than 2,000 single-family offices by late 2024, reinforcing the backdrop for Singapore asset management AUM growth.