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iFAST GROUP STRUCTURE
iFAST Corporation is a Singapore-based company
with subsidiaries in Malaysia, Hong Kong and India.
The company was incorporated in Singapore on 11
September 2000 as 'Fundsupermart Holdings Pte Ltd'. In 2003, the Group
was renamed "iFAST Corporation Pte Ltd" ("iFAST Corp") to reflect its
expanded business scope and was reorganised as a holding company for
its various subsidiaries.
iFAST Corp has two corporate shareholders. They
are SPH AsiaOne Pte Ltd, the Internet arm of Singapore Press Holdings,
Singapore's largest media group, and DMG & Partners Securities Pte Ltd
(51% owned by OSK Investment Bank Bhd of Malaysia and 49% owned by
Deutsche Bank).
iFAST Corp, via its subsidiaries iFAST Financial
Pte Ltd ("iFAST"), is Singapore's leading investment administration
platform for independent financial advisers and the largest local
online unit trust distributor. The Group enjoys a significant presence
among the local independently-owned financial advisers.
In recent years, iFAST Corp has been expanding
beyond local shores. It is now the holding company for various iFAST
subsidiaries overseas. In 2007, iFAST Corp launched its first overseas
business, Fundsupermart.com in Hong Kong. In the same year, iFAST Corp
entered a joint venture agreement with OSK Investment Bank Bhd to
prepare for its entry into the Malaysian market. In 2008, iFAST Corp
entered a joint venture agreement (iFAST Corp owns 51 per cent of the
joint venture) with Deutsche Bank's asset management division to
expand its businesses to India.
At the prestigious 2008 Enterprise 50 (E50)
Awards, iFAST Corp was awarded 2nd position. In 2009, iFAST Corp
achieved new milestones, including the successful acquisition of ING
Platform Services Ltd on 10 March, and the launch of the platform
business and online unit trust platform in India.
iFAST Mission Statement
"To Help Investors Around The World Invest Globally and Profitably"
CEO's Statement:
"We will consistently adopt win-win solutions for all our stakeholders
- whether clients, employees, or shareholders - and emphasise a
long-term view in decision-making"
- Lim Chung Chun, Chairman and CEO, iFAST Corporation Pte Ltd
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