Madison Pacific is pleased to announce that Madison Pacific Pte. Limited has been granted a Trust Business Licence by the Monetary Authority of Singapore. The Trust Business Licence will enable Madison’s Singapore entity to take on a wide range of trust engagements and administration. This regulated status in Singapore complements the trust license and TCSP status (Trust or Company Service Provider) maintained by Madison’s Hong Kong SAR entity, Madison Pacific Trust Limited.
Madison Pacific’s Director and Head of Singapore, Ms. Holly Yuen, commented, “This Trust Business License is a demonstration of Madison Pacific’s continued commitment to our clients in Singapore and throughout the South East Asian region. The licence is also in furtherance of Madison’s long-standing goal to provide our clients with a full range of trust and agency services from Singapore.”