Bank of Singapore Reports Growth in Assets Under Management and Revenue
Bank of Singapore reported growth in assets under management. The AUM as of 30th September 2016 was S$85 billion, an increase of 20% from US$74 billion a year ago. This does not include the contributions from acquisition of Barclays Wealth and Investment Management business in Singapore and Hong Kong.
The wealth management income comprised of income from insurance, private banking, asset management, stock broking and other products was S$1.63 billion.
News Source: OCBC Press Release
About Bank of Singapore
Bank of Singapore is a Singapore-based private banking arm of OCBC Bank. Formerly known as ING Asia Private Bank, it was acquired by OCBC in 2010. The combined private banking businesses of IAPB and OCBC was subsequently named Bank of Singapore. The products and services include those offered by OCBC, such as Consumer Banking, Corporate Banking, Commercial and Real Estate Lending, Treasury Services, Investment Banking, Transaction Banking, and Stock Broking Service.
- Origin : Singapore
- Assets : SGD 390.1 billion
- Revenue : SGD 2.06 billion
- Employees : 850
Official Website: www.bankofsingapore.com
News & Media: Press Release
Updated on 8th August 2016