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Banks in Singapore are scrutinizing their account holders as stricter tax evasion measures forces them to decide whether to send some of their wealthiest clients packing.
Banks in Singapore are scrutinizing their account holders as stricter tax evasion measures forces them to decide whether to send some of their wealthiest clients packing.
(EDGAR SU/REUTERS)

Mawer planning a presence in Singapore

Mawer Investment Management Ltd. is opening an office in Singapore to get a closer read on Asian markets, making it the first independent Calgary-based portfolio manager to make the leap across the Pacific, according to the firm.

Mawer is moving veteran global equities analyst Peter Lampert to the new digs in August. Initially, the office will be solely for research, but longer term plans call for the addition of sales and marketing staff and, potentially, fund managers.