Wednesday, March 7, 2012

Private banking in Singapore


For banking clients with sizable assets, high net worth individuals (HNWI), there is a special kind of banking where the customer service is more personalized compared to the retail banking experience for the man on the street: private banking. And as the wealth in Asia is increasing every year, Asian private banking is having more market share in Singapore. Private Banking in Asia and Singapore is recently hot; according to ABN AMRO Bank NV-Private Banking, Asia is the fastest growing private banking market in the world and home to 3.3 million high net worth individuals with assets totalling US$10.8 trillion.

Below is a list of private banks in Singapore:
  1. ABN AMRO Bank NV-Private Banking. ABN AMRO is the oldest bank in Singapore and was voted one of the Top 10 Best Global Private Banks in Asia in 2011 in Asiamoney Private Banking Poll.
  2. ANZ Private Bank has presence in 5 of Asia's key markets - Singapore, Hong Kong, Taiwan, Indonesia and UAE. They serve Singapore market from Ocean Financial Centre (ANZ is the anchor tenant of this newly completed building).

  3. Bank Julius Baer & Co Ltd. With over 40 locations, Julius Baer's Singapore office is the biggest outside of Zurich.

  4. Bank of Singapore Ltd. is a wholly-owned private banking subsidiary of OCBC Bank which is formed by the January 2010 acquisition of ING Asia Private Bank (IAPB) by OCBC Bank, one of Asia's leading financial services institutions. The combined private banking businesses of IAPB and OCBC was subsequently named Bank of Singapore.

  5. Barclays Bank PLC

  6. BNP Paribas Wealth Management

  7. BSI Bank Ltd.

  8. Citi Private Bank

  9. Coutts & Co Ltd.

  10. Credit Agricole (Suisse) SA
  11. Credit Suisse AG

  12. DBS Private Bank

  13. Deutsche Bank Private Wealth Management

  14. HSBC Private Bank (Suisse) SA

  15. Societe Generale Private Banking

  16. Standard Chartered Private Bank

  17. UOB Private Banking

  18. UBS Wealth Management Singapore
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Private Banking Analytics by KMS

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