Maybank's private bank business bets on customer base
It plans Orchard Rd branch; seeks clients with at least US$1m in investable assets
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[SINGAPORE] Maybank Singapore is moving up - it may soon have its first Orchard Road outlet, which will be dedicated to its private bank clients.
Alvin Lee, who heads Maybank Private Wealth, said: "We are looking for a location to be a premier and private wealth outlet."
The bank, which has 22 branches in Singapore, may raise some eyebrows with its entry into the trillion-dollar private banking sector, given that it is known more for its reach among retail clients and small and medium-sized enterprises.
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