Swiss impact investing firm opens Singapore office
Zurich-headquartered impact investing manager BlueOrchard Finance has opened an office in Singapore to bolster its presence in the Asia-Pacific region.
The company has deployed over $5bn across 80 emerging and frontier markets since launch. It noted that despite remarkable economic progress achieved in Asian-Pacific countries over the last decades, the region still shelters an important number of the world’s poorest and most vulnerable people.
“At the same time, the Asia-Pacific impact investing market is growing and increasingly addresses societal and environmental challenges. Due to its central location and outstanding infrastructure, Singapore is well positioned to become an impact investing hub in Asia-Pacific,” BlueOrchard stated.
The impact investing manager has established presence in Asia-Pacific for almost 10 years, managing two funds : the Microfinance Initiative for Asia (MIFA) and the Japan ASEAN Women Empowerment Fund (JAWEF), which address exclusively sustainable growth in Asia-Pacific.
The new office in Singapore aims to complement that of BlueOrchard in Phnom Penh.
“We are seeing high demand in the Asia Pacific region for impact investing expertise. Singapore, as a local hub, plays an important part in BlueOrchard’s continued growth in the region,” said Patrick Scheurle, CEO of BlueOrchard.