Scudder Kemper Investments of New York has established a new Singapore office which will serve as the Asia-Pacific Basin investment management hub for Scudder Kemper's institutional and retail investment products. The new wholly-owned unit will operate under the Scudder Investments Singapore Limited name. The company announced the new office last week.

Scudder has applied to The Monetary Authority of Singapore for a license to provide globally- and locally-produced investment products to investors residing in Singapore, the company announced.

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