SINGAPORE, Aug. 19 -- The Monetary Authority of Singapore (MAS) has introduced three new measures aimed at strengthening Singapore's position as a leading asset management hub.

These initiatives are designed to increase the attractiveness of the sector for fund managers and encourage the anchoring of business activities, capital allocation, and talent deployment within the city-state, The Straits Times reported.

Announced today, the measures focus on talent acquisition, fiscal incentives, and ecosystem development. The initiatives are expected to become effective in 2027, with further details to be provided during the 2027 Budget.

The asset management industry is a significant contributor to Singapore's financial sector, accounting for...