Big global banks burnishing Asia wealth strategy from Singapore vantage point

Singapore

SINGAPORE sits as an important node in booking offshore wealth flows from the region. Given this, Citi's latest move to double down on hubs like Singapore will have it join peers tapping the Republic as a big regional magnet for offshore wealth.

Large global banks with offshore centres here are relying on institutional referrals and their globality to attract the well-heeled to park their funds with them, via Singapore or other offshore hubs.