Bank of Singapore Opens Branch in Middle East
Bank of Singapore has opened the branch in Dubai International Financial Centre. (DIFC) The branch is led by senior banker Kirit Chauhan and is supported by 75 employees. The bank will target ultra high net worth clients, those with liquid assets of US$30 million and above.
Bank of Singapore’s presence in Middle East dates back over 20 years ago. It first opened its representative office in Dubai in 1996 before the DFIC was set up.
News Source: Reuters
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