Singapore Asset Management Market Trends and Overview

Singapore isn’t simply growing its asset management industry; it is consolidating its position within the Singapore asset management market as Asia’s most dependable operating base for global capital, particularly within the wealth management sector.

In 2024, the Singapore asset management market reached approximately SGD 6.7 trillion in assets under management, representing growth of around 12% year on year. That growth was supported by market performance and strong inflows, but the structure of the capital matters more than the headline number. Around 77% of assets originate from outside Singapore, and nearly 88% are invested globally. This positions Singapore less as a domestic wealth market and more as a control centre for Asia-focused and international strategies, something Hong Kong-based managers are increasingly recognising.

Singapore Asset Management Market: Growth of Alternatives

Private equity, venture capital, private credit and real assets grew by roughly 14% in 2024, reaching close to SGD 789 billion. As public markets remain relatively robust and Asia’s growth story becomes more selective, private markets are increasingly the focus within asset allocation decisions across the Singapore asset management market.

At the same time, ESG overlays now apply to nearly half of all institutional portfolios. This is not branding. It reflects evolving risk management expectations from regulators, asset owners and next-generation wealth holders across Asia-Pacific.

Singapore Asset Management Market Outlook to 2026

The outlook for the Singapore asset management market is steady rather than spectacular. Asia remains a core diversification destination, particularly as private markets mature and secondary opportunities deepen. There is also growing optimism around an Asian equities recovery, driven by fundamentals rather than momentum.

By late 2024, Singapore hosted more than 2,000 single-family offices, with momentum through 2025 and into 2026 suggesting further growth. Increasingly, ultra-high-net-worth families are outsourcing investment decision-making, not because they lack sophistication, but because modern portfolios demand institutional-grade governance across private markets, alternatives, cross-border assets and succession planning.

This is where global firms such as Schroders, BlackRock and Mercer are expanding OCIO offerings, tailored to both institutions and family offices operating across Asia.

Governance, Regulation and Capital Stability in Singapore

Singapore has positioned itself as a stable base for fund structuring, governance and long-term capital deployment. Supported by regulatory consistency, venture capital structures and backing from the Monetary Authority of Singapore, the country continues to attract capital that prioritises predictability and stability.

Capital in Asia is becoming more global, more private and more complex. The jurisdictions that prosper are the ones that make that complexity easier to manage. Right now, the Singapore asset management market is well positioned in this regard.

If you are involved in allocating capital across Asia, or advising families and institutions navigating private markets, OCIO models and cross-border complexity, we would be interested in hearing your views.

By Russell Adam | Senior Managing Partner | RGH Financial Services Practice

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