Aura Group Singapore granted Capital Markets Services (CMS) licence

Aura Group, a fast-growing alternative investment and wealth management platform, announced that its subsidiary Aura Group has successfully obtained a Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS).

Aura Group Singapore commenced operations in Singapore in 2016, as a Registered Funds Management Company. The demand for its services and subsequent growth has been rapid, and the next logical step in the Group’s development was the application for a CMS licence.

With the new licence, Aura Group Singapore will be able to conduct a full range of fund management activities for institutional and accredited investors.

“The licence approval caps off a stellar year for Aura Group globally with funds under management increasing 42% year-on-year to $536m even after over $100m of capital returns, profits and distributions and HNW private client funds under advice increasing 64% year-on-year to $72m,” said Managing Director, Calvin Ng. “We continue to see material mispricings in the private markets in particular private credit where our private credit funds are still returning 8-10% pa relative negligible yields on public bonds. Private equity as an asset class also historically outperforms in vintages post-crisis. We have several new private credit and private equity products launching next quarter.”

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