19th October 2015
iFAST Corporation Ltd. (“iFAST Corp” or together with its subsidiares, the “Group”), an Internet-based investment products distribution platform, and the parent company of Fundsupermart.com and iFAST Financial platforms, has won the “Most Transparent Company Award” under the New Issues category at the SIAS Investors’ Choice Awards held on 16th October 2015.
The SIAS Investors’ Choice Awards is an annual event held since 2000 to recognise listed companies who have improved and excelled in corporate governance and transparency practices. Singapore Management University, Sim Kee Boon Institute has been appointed by SIAS to conduct research findings pertaining to the selection process, which is based on the Singapore Corporate Governance Index (SCGI), a balanced weighted index which covers five aspects in accordance with OECD principles (Source: SIAS).
As for the Most Transparent Company Award supported by the Singapore Exchange, the “Disclosure and Transparency” aspects of shortlisted companies are assessed based on the information disclosed and made available publicly, as well as the company’s performance. Subsequently, industry partners, members from the media and SIAS review and nominate the shortlisted companies, and thereafter, the selection committee members will decide the winners based on quantitative and qualitative inputs (Source: SIAS).
Mr Lim Chung Chun, Chairman and CEO of iFAST Corp, said, “We are very honoured to be awarded the Most Transparent Company Award for newly listed companies. Transparency has always been a core focus in our business and that has guided us from the time we started business 15 years ago with the launch of Fundsupermart.com. Back then, information on funds was seen to be limited and we wanted to change the way the funds distribution business worked by giving transparent information on funds, including the fees and research. This focus on giving transparent information to investors is again what drove us to launch Bondsupermart.com recently, by providing transparent information on bonds, as we believe bonds are a simple investment product that has so far been mainly offered to institutional clients only. We have wanted to change this by empowering investors with our transparent information on bonds, including our research, tools and pricing.”
Mr Lim added, “Staying true to our mission statement ‘To help investors around the world invest globally and profitably’, the company remains committed in embracing a transparent business model that can benefit clients in the long run and we want to thank the investment community or their trust in us.”
About iFAST Corp
iFAST Corp (stock code: AIY) is an Internet-based investment products distribution platform, with assets under administration (AUA) of approximately S$5.71 billion as at 30 June 2015. Incorporated in the year 2000 in Singapore, iFAST Corp provides a comprehensive range of services, including investment administration and transactions services, research and trainings, IT services and backroom functions to
banks, financial advisory firms, financial institutions, multinational companies, as well as investors in Asia. The company is also present in Hong Kong, Malaysia and China.
iFAST Corp has two main business divisions, namely our Business-to-Consumer (B2C) website, Fundsupermart.com, targeted at DIY investors; and our Business-to- Business (B2B) platform that caters to the specialised needs of financial advisory (FA) companies, financial institutions and banks.
iFAST Corp has two main business divisions, namely our Business-to-Consumer (B2C) website, Fundsupermart.com, targeted at DIY investors; and our Business-to- Business (B2B) platform that caters to the specialised needs of financial advisory (FA) companies, banks and financial institutions. Over 5,000 wealth advisers from more than 150 FA companies, banks and financial institutions, use the iFAST B2B platform.
The Group’s mission statement is, “To help investors around the world invest globally and profitably”. The Group celebrates its 15th year anniversary in 2015.
For more information, please visit www.ifastcorp.com
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