Jersey-based Independent Strategic Group (ISG) has formed a partnership with Singapore financial consultancy the Fry Group, leading to the formation of an asset management business in Singapore.
Purple Asset Management, which was officially launched this month, will provide research and investment services to the Asian market, as well as serving Frys’ global customer base. It also enables ISG to extend its global reach into the Asian market.
Frys has been offering tax-led advice in Singapore since the 1960s, opening an office in 2001.
The establishment of Purple Asset Management builds on ISG’s UK investment research company, which produces tailored investment mandates through a B2B approach.