Bank of Singapore eyes doubling of share in alternative investments by 2023

It will grow its suite of solutions in this space to cater to a broader range of risk appetites and client sophistication levels.

Published Mon, Apr 19, 2021 · 05:50 AM

Bank of Singapore

Singapore

OCBC's private banking arm, Bank of Singapore, plans to double its share of wallet in alternative investments by 2023 as ultra-low interest rates nudge investors to hunt for yield beyond traditional markets.

This comes as part of a broader push to capture a larger share of Asia's wealthy families, with the Greater China region seen as a key growth market, said the bank's global head of products Lim Leong Guan.