Caroline Baker interviewed by The Asset on alternative asset management trend in Southeast Asia

7 August 2019
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The robust creation of wealth in Asia has led to an increase in local players in alternative asset management and private equity. Caroline Baker, Managing Director, Asia, Alternative Investments at Vistra, explains to The Asset in a recent interview that more wealth originating in North Asia is specifically finding its way into Southeast Asia through setting up funds and structures in Singapore.

“We are seeing a lot more investments in Southeast Asia from China and so Singapore is really the place that they're secure in setting up and structuring,” commented Caroline. “They’re comfortable with the service providers in Singapore as well as the local government and tax treaties.”

She mentioned that Singapore’s new corporate structure, the Variable Capital Company, is helping to deliver on industry demands for a local product that is both suitable for all types of investment funds while also being internationally competitive.

In ASEAN, Vistra sees Indonesia as a key market. One of the main business hotspots in Indonesia is around ESG-related ventures. With a group of specialists working on ESG, Vistra wants to become the go-to service provider, helping companies and funds that are carrying out social impact investing.

Apart from Indonesia, investors are also exploring opportunities in the highly populated and aspirational countries such as Indonesia and Vietnam or frontier markets such as Myanmar and Cambodia.

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