Latest news with #GopiMirchandani
Yahoo
14 hours ago
- Business
- Yahoo
Schroders opens global digital assets hub in Singapore
British fund manager Schroders has opened a new global digital assets centre of excellence in Singapore. Led by Marita McGinley, the global head of digital asset strategy, the centre will be staffed by specialists focused on fostering thought leadership and establishing best practices in collaboration with policymakers and industry partners. The centre's primary objectives include exploring tokenisation to improve digital components within Schroders' core operations and capitalising on opportunities such as tokenised funds and collateral management. It will also focus on developing a scalable operating model with reusable digital components like data and smart contracts. This approach aims to enhance value and efficiency for clients while expanding investment opportunities, according to the company. Schroders Asia Client Group head Gopi Mirchandani said: 'The launch of the global digital assets centre of excellence is the culmination of significant efforts by teams across Schroders and marks a pivotal milestone in our journey to drive the evolution of asset management through digital innovation.: Schroders stated that it envisions a transformative potential for the asset management industry through composable finance, where traditional investment components can be converted into programmable smart contracts and tokens. This strategy will allow for efficient portfolio construction and rebalancing, offering clients greater personalisation. Additionally, the centre will engage with stakeholders in the financial ecosystem to shape policies that promote innovation and compliance, participating in industry standards and knowledge-sharing initiatives. Schroders' commitment to driving innovation is further highlighted by its involvement in the Monetary Authority of Singapore's Project Guardian, a collaborative effort to enhance financial market liquidity and efficiency through asset tokenisation. Schroders Group chief financial officer said: 'Digital assets are transforming asset management in a tale of two halves – through the existing financial ecosystem, and the new digitally native ecosystem. 'Through engaging regulators, cross-industry collaboration and building capabilities, our digital assets centre of excellence will navigate these two halves, of digital assets and technology in the existing world, while continuing to explore opportunities for Schroders in the new one.' Last month, Schroders reshuffled its client group team, appointing four new senior executives, including Karine Szenberg as executive vice chair and Matt Oomen as global head of client group. "Schroders opens global digital assets hub in Singapore" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Times
3 days ago
- Business
- Business Times
Schroders picks Singapore for global digital assets hub
[SINGAPORE] International investment manager Schroders has chosen Singapore as the base for its new Global Digital Assets Centre of Excellence. The centre will focus on applying tokenisation – which is the process of representing assets digitally – to the firm's existing business operations, with the aim to improve client outcomes and enhance operational efficiency, it said on Wednesday (Jul 2). Led by Schroders' global head of digital asset strategy, Marita McGinley, the centre will also explore use cases that complement active asset management. These include tokenised investment products, digital collateral management, and modern treasury solutions. The move accelerates Schroders' shift towards tokenised investments and composable finance – underscoring its commitment to modernising portfolio construction and expanding its digital infrastructure worldwide. For instance, the Singapore-based centre will build simplified, scalable digital infrastructure through the development of reusable tools such as smart contracts, data modules and integration frameworks that can support future growth across multiple platforms. Gopi Mirchandani, Schroders' Asia client group head, said the launch of the centre 'marks a pivotal milestone in our journey to drive the evolution of asset management through digital innovation'. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up 'As Asia continues to accelerate its leadership in digital asset innovation, Singapore's dynamic fintech ecosystem provides the ideal platform for us to reimagine how digital assets can unlock personalised, agile investment solutions at scale,' she added. To balance innovation with compliance, the centre intends to engage with regulators and policymakers, the asset manager said. It will also participate in industry groups to support the creation of standards and best practices for digital assets, and collaborate with academic institutions to promote research and knowledge sharing. Listed on the London Stock Exchange, Schroders has £778.7 billion (S$1.4 trillion) in assets under management.
