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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
iFAST Financial India Pvt. Ltd
iFAST Financial India Pvt. Ltd. is a wholly owned subsidiary of iFAST India Investments Pte Ltd.
In April 2008, iFAST Corp entered into a joint venture agreement with Deutsche Bank’s Asset Management division, through Deutsche Asia Pacific Holdings Pte Ltd (Singapore) to form an investment holding company, iFAST India Investments Pte Ltd.
iFAST Financial India offers a mutual fund distribution platform for independent financial advisers. The integrated investment administration platform will serve independent financial advisers with online transaction capabilities, in-house research and access to expert opinions across Singapore, Hong Kong, Malaysia and India.
iFAST Group Structure
Note: Percentage figures denote iFAST Corporation Pte Ltd’s extent of ownership in the above establishments.
iFAST Corp, via its subsidiary iFAST Financial Pte Ltd, is Singapore’s leading provider of investment administration platform for independent financial advisers and the largest local online mutual fund distributor. iFAST Corp has subsidiaries in Malaysia, Hong Kong and India.
iFAST Corporation Pte Ltd has two corporate shareholders - SPH AsiaOne Ltd, the Internet arm of Singapore’s largest media group Singapore Press Holdings and DMG & Partners Securities Pte Ltd (51% owned by OSK Investment Bank Bhd and 49% owned by Deutsche Bank).
iFAST Corp’s subsidiary in Singapore, iFAST Financial Pte Ltd, is the country’s premier financial advisory wealth management platform. It services more than 50 financial advisory firms, financial institutions and over 2,000 financial adviser representatives. iFAST Financial holds the Capital Markets Services licence and the Financial Adviser licence issued by the Monetary Authority of Singapore and the company is also one of Singapore’s three appointed Central Provident Board investment administrators.
iFAST (HK) Ltd in Hong Kong is a wholly owned subsidiary of iFAST Corporation and iFAST (HK) holds a Type 1 License for dealing and a Type 4 License for Advisory issued by the Securities and Futures Commission of Hong Kong.
In Malaysia, iFAST Capital is a subsidiary of iFAST-OSK Sdn Bhd, a joint venture between OSK Investment Bank Bhd and Singapore’s iFAST Corp. The company has obtained a licence for dealing with securities and investment advisory under the Capital Markets and Services Act. Its wholly owned subsidiary, FA Corporate and Compliance Consultancy Sdn Bhd provides services for applicants who want to be a registered CUTA with the Federation of Malaysian Unit Trust Managers.
Corporate Milestones
| Date |
Corporate Milestone |
| 24 April 2009 |
iFAST Financial India Pvt Ltd commences operations in India. |
| 11 Mar 2009 |
iFAST acquires ING's I-WRAP. |
| 21 Nov 2008 |
iFAST Corporation Pte Ltd clinches 2nd position in the Enterprise 50 Award 2008. |
| 13 Oct 2008 |
iFAST Capital Sdn Bhd commences operations in Malaysia. |
| 31 Dec 2007 |
iFAST Financial Pte Ltd hits about S$4 billion in Asset Under Administration (AUA). |
| 23 Nov 2007 |
iFAST Corporation Pte Ltd clinches 9th position in the Enterprise 50 Award 2007. |
| 30 Jul 2007 |
iFAST Financial (HK) Ltd commences operations in Hong Kong. |
| 30 Jun 2007 |
iFAST Financial Pte Ltd hits S$3 billion in Assets Under Administration (AUA). |
| 30 Mar 2007 |
iFAST Financial (HK) Ltd obtains operating licences (Type 1 & 4) from the Securities & Futures Commission (SFC) of Hong Kong |
| 1 Dec 2005 |
iFAST Financial Pte Ltd hits S$1 billion in Assets Under Administration (AUA). |
| 1 Dec 2005 |
iFAST Financial Pte Ltd launches Cash Account. |
| 18 Aug 2005 |
iFAST Financial Pte Ltd launches online transaction - iSIGN |
| 1 Oct 2004 |
iFAST Financial Pte Ltd launches online transaction - iPASS |
| 10 Apr 2003 |
'Fundsupermart.com Pte Ltd' was renamed as 'iFAST Financial Pte Ltd'; the corporation's B2C business segment was reorganised under its division of 'Fundsupermart.com'. |
| 26 Mar 2003 |
'Fundsupermart Holdings Pte Ltd' was renamed to 'iFAST Corporation Pte Ltd'. |
| 16 April 2001 |
The start of platform business (B2B) |
| 11 Sep 2000 |
'Fundsupermart Holdings Pte Ltd' incorporated in Singapore. |
| 10 Jan 2000 |
'Fundsupermart.com Pte Ltd' was incorporated in Singapore. |
iFAST Affiliated Sites
www.ifastcorp.com
At iFAST Corp, we constantly remind ourselves that our company mission is to help investors around the world to invest globally and profitably. With this mission to guide our business strategies, we have been continuously improving our business to serve our customers better.
Over the years, our B2B investment platform and B2C online distribution portal have gained popularity amongst investors and advisers alike. Now, iFAST is poised to bring these services beyond Singapore’s shores, through the subsidiaries we own in various countries.
www.vervetec.com
Verve Technology is Singapore's industry-leading financial adviser business solutions provider that is seamlessly integrated with iFAST Financial, Singapore’s premier financial adviser services and transaction platform. High user adoption, a complete suite of tools and a specialised team that is dedicated to raising the service and advice standards of financial advisers with technology, Verve Technology is a proven technology provider serving the financial advisory industry for more than 5 years. It has users spanning tied insurance representatives, Independent Financial Advisers, multi-tied bank advisers and investment brokers.
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