The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

When wealth managers home in on nationalities ...

Published Wed, Jul 19, 2017 · 09:50 PM
Share this article.

DON'T be surprised if in 20 years, Singapore's wealth-management industry starts resembling a mini-United Nations, with bankers wearing their nationalities on their sleeves.

Last week, Bloomberg Gadfly commented on one such act of flag-waving. PT Bank Mandiri, Indonesia's largest lender by assets, plans to set up a private-banking outfit in Singapore to target offshore Indonesian wealth.

While that proposal awaits regulatory clearance, this week saw the launch of Ping An Insurance Group Co's Lufax online wealth-management platform in Singapore.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Banking & Finance

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here