Securities brokerage CGS-CIMB Singapore’s particular person accredited buyers will now have entry to personal market change ADDX’s choices.
These choices embody non-public fairness, non-public credit score, enterprise capital, hedge funds, actual property, fixed-income merchandise like bonds and business papers, in addition to structured merchandise.
CGS-CIMB was extra targeted on the general public markets previous to this partnership which is a part of a brand new service referred to as ADDX Benefit.
ADDX Advantage was rolled out earlier this yr to serve wealth managers, which incorporates non-public banks, brokerages and exterior asset managers.
Wealth managers utilizing the service get an on the spot plug-in to ADDX, which has listed greater than 50 offers up to now.
On the launch of ADDX Benefit in April 2022, CGS-CIMB was among the many first to join the service.
By end-2023, ADDX mentioned that it goals to onboard as many as 10 wealth managers.
Elgin Ting
Elgin Ting, Managing Director and Group Head, Strategic Innovation at CGS-CIMB mentioned,
“Via our partnership with ADDX, CGS-CIMB’s high-net-worth buyers now have entry to personal markets and alternatives that had been traditionally accessible solely to institutional gamers.
We’re excited to see the know-how and innovation ADDX is bringing to the monetary markets and look ahead to working with them.”
Oi-Yee Choo
Oi-Yee Choo, CEO of ADDX mentioned,
“CGS-CIMB is a number one brokerage and monetary companies supplier in Asia, and for them to have given their high-net-worth purchasers entry to ADDX represents a powerful endorsement.
Because the partnership went dwell, CGS-CIMB purchasers have contributed as a lot as 30% of funding quantity for brand new mounted earnings issuances.”
