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Private banking

The new structure relies on three core requirements: notifying MAS, maintaining a relationship with a regulated bank and filing an annual return.

Companies & Markets

One-year countdown: Existing SFOs evaluate how they can align with revised MAS framework

Not a ‘Singapore-only story’; moves will strengthen Apac’s proposition as a family office hub and region to deploy capital

Indonesia is a major market for private banks in Singapore, where billionaires often keep their offshore accounts.

Banking & Finance

JPMorgan doubles private bankers in Singapore team to top 50

The US bank also offers private banking services in Hong Kong and Australia in Asia

Lim Leong Guan joined BOS in 2020 and is currently global head of financial intermediaries, family office and wealth advisory.

Companies & Markets

Bank of Singapore taps veteran banker Lim Leong Guan to lead Dubai franchise

He will head private banking in the Middle East, South Asia and International, and be based in Dubai

The move comes as OCBC strengthens its precious metals offerings amid rising global demand for physical gold.

Companies & Markets

OCBC to offer physical gold trading services for institutional, BOS private banking clients from Jun 10

Offerings are available in 12.4 kg and 1 kg sizes

Source of wealth establishment processes are typically the most time-intensive elements in onboarding ultra-high-net-worth clients.

Companies & Markets

Battle for Asia’s ultra-rich: ‘Singapore can’t afford to keep losing clients to Dubai, Hong Kong’

The city-state is racing to remove procedural friction as the battle for the ultra-rich intensifies

Young Jin Yee, co-head of UBS global wealth management for the Asia-Pacific, says UBS has the most diversified footprint among its competitors.

Wealth & Investing

Strong Apac wealth creation boosts UBS’ profitability and assets to new record

The bank is eyeing growth by snagging a share of the US$83 trillion ‘great wealth transfer’

Chee Jiun Wen previously held senior roles at companies including Julius Baer, advising sovereign wealth funds, endowments, foundations and private clients across Asia.

Capital Markets & Currencies

Franklin Templeton appoints former BOS managing director to new Apac private markets wealth role

Chee Jiun Wen will be based in Singapore and will focus on expanding the company’s private markets franchise across the region

Leung says that clients increasingly need to understand how systemic shocks, such as sharp movements in interest rates or oil prices, impact their portfolios.

Companies & Markets

Volatility pushing the wealthy to focus on risk, succession: HSBC’s Tommy Leung

The shift is especially evident among business owners, whose wealth remains tied to their operating countries

A relationship manager who knows what an AI-generated investment recommendation cannot do is far more valuable than one who simply passes it along to clients.

Wealth & Investing

THE WEALTH CODE

AI is rewriting private bankers’ job description

They need to understand the technology, know the guard rails that govern it, and preserve the human judgment that neither can replace

Group head of DBS Private Bank Joseph Poon (4th from right) at the Euromoney award ceremony.

Wealth & Investing

Innovating and disrupting itself is what helped DBS win award for world’s best private bank

DBS is the first Asia-headquartered bank to land this recognition from Euromoney

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