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Bank of Singapore Considers Setting Up Private Bank in UK
Chief Executive Bahren Shaari said that Bank of Singapore is considering to set up a private bank in UK as the costs have fallen due to the drop in pound.
Bank of Singapore is committed to opening a branch in Dubai’s International Financial Centre early next year. He has not given a timeframe on when the London operation could be launched.
News Source: Financial Times
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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
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