FPAS and Penguin Securities Sign MOU to Promote Financial Literacy in Singapore
Singapore, [02 July 2025] — The Financial Planning Association of Singapore (FPAS) and Penguin Securities today signed a Memorandum of Understanding (MOU) to collaborate on initiatives that promote financial literacy in Singapore.
Through this partnership, both organisations aim to jointly organise educational seminars and workshops which provide investors — particularly Accredited Investors and family offices — with the foundational knowledge to better understand key areas of capital markets investments.
As a leading broker-dealer with deep expertise in capital market products and digital assets, Penguin Securities brings industry insight and practical experience to the collaboration. By sharing its institutional knowledge, the company seeks to bridge the gap between traditional and emerging digital asset investment landscapes and support investors in navigating a fast-evolving financial environment.
Galen Woo, CEO of FPAS, shared the vision, stating, “We believe this partnership will not only strengthen financial literacy among Accredited Investors and family offices in Singapore, but also serve as a model for other FPSB territories. We hope this collaboration will further extend its reach and impact across the global community of high-net-worth individuals.”
“We are pleased to collaborate on this initiative that empowers Accredited Investors and family offices with the insights and frameworks needed to navigate an increasingly complex investment landscape,” said Kentaro Kawabe, CEO of Penguin Securities. “Through this collaboration, we aim to foster more confident, informed, and responsible investment decisions within Singapore’s high-net-worth investors community.”
About FPAS
The Financial Planning Association of Singapore (FPAS) is part of a global network of professional bodies committed to advancing the financial planning profession. As a licensee of the Financial Planning Standards Board Ltd. (FPSB) — a U.S.-based non-profit organization established in October 2004 — FPAS plays a key role in upholding the standards of the international Certified Financial Planner™ (CFP®) certification program.
FPSB currently comprises 27 member organizations worldwide, including the Certified Financial Planner Board of Standards (CFP® Board) in the United States. As of the end of 2024, the global CFP professional community reached an all-time high of 230,643. Among Asian territories, FPAS was the third to join the FPSB network after Australia and Japan, and the tenth member globally — demonstrating Singapore’s early commitment to promoting professional excellence and consumer trust in financial planning.
About Penguin Securities
Penguin Securities, a Singapore-based financial services provider, a Capital Market Services Licence holder — regulated by the Monetary Authority of Singapore (MAS) to provide dealing in capital markets products, including Securities, Collective Investment Schemes, and Derivatives Contracts. In addition, Penguin Securities has applied regulatory approval to provide digital payment token services in Singapore.
The firm offers tailored financial solutions to accredited and institutional investors and, through a separate subsidiary, provides institutional-grade digital asset derivative products. Penguin Securities remains committed to innovation, security, and maintaining high standards of regulatory compliance.
