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

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.