Bank of Singapore

This article is about a Singapore-based private bank. For a list of banks in Singapore, see List of banks in Singapore.

Bank of Singapore

Industry	Private banking and wealth management
Predecessor	ING Asia Private Bank
Founded	Singapore (January 29, 2010 (2010-01-29))
Headquarters	Singapore
Key people	Bahren Shaari (CEO)
Products	Wealth management, financial analysis, investment
AUM	USD 61 billion (30 June 2016)
Number of employees	1,300
Parent	OCBC Bank
Website	www.bankofsingapore.com

Bank of Singapore (Chinese: 新加坡银行; pinyin: Xīnjiāpō yínháng) is a Singapore-based private banking arm of OCBC Bank. Formerly known as ING Asia Private Bank, it was acquired by OCBC in 2009 from ING Group for US$1.46 billion.^[1] As at 30 June 2016, the bank was managing approximately US$61 billion of assets of high-net-worth individuals, mainly in Asia. Bank of Singapore is rated Aa1 by Moody's.

History

The bank was formed in 2010 by the acquisition of ING Asia Private Bank by OCBC in 2009, as a result of ING's restructuring plan, following a government bailout of ING Group in 2008,^[2] due to the financial crisis in the late 2000s. Its current headquarters, the Bank of Singapore Centre at Market Street, was officially opened on June 2011. Since then, the bank has been strengthening its position in the Asia Pacific region.^[3]

Services

The bank provides customised wealth management, investment and lending services, on top of general banking services provided by its parent bank, OCBC. It also offers financial analysis in financial areas such as international equities and estate planning services.

Awards

Best Private Wealth Management Bank in Southeast Asia 2010-2016 (from Alpha Southeast Asia)
Best Private Wealth Management Bank in Singapore 2010-2016 (from Alpha Southeast Asia)
Best International Private Bank in Philippines 2015 (from Asian Private Banker)
Best Domestic Clients Team 2015 (from WealthBriefing Asia Singapore)
Outstanding Private Bank - Southeast Asia 2014 (from Private Banker International)
Best Domestic Private Bank Singapore 2011, 2013 & 2014 and Top 3 Overall Best Private Banks in Singapore in 2011 (from Asiamoney)
Best Private Bank in Singapore 2010-2013 (from FinanceAsia)
Best Private Bank in Singapore 2011-2014 (from Asia Private Banker)
Best Private Bank for Relationship Management and Range of Investment Products in the Philippines 2010 (from Euromoney)

References

↑ ING to sell Asian Private Banking business to OCBC | ING
↑ Reuters Editorial (15 October 2009). "OCBC buying ING Asia private bank". Reuters UK.
↑ "Bank of Singapore set to notch record growth of up to 15%" (link) (Press release). Singapore: Business Times. 2014-12-15. Retrieved 2015-03-31.

External links

Bank of Singapore's website

Banking in Singapore

Local banks

Foreign banks

Qualifying full banks	ANZ Bank of China BNP Paribas Citibank Singapore HSBC Bank ICICI Bank Industrial and Commercial Bank of China Maybank Standard Chartered State Bank of India

Full banks	Bangkok Bank Bank Negara Indonesia Bank of America Bank of East Asia Bank of India The Bank of Tokyo-Mitsubishi UFJ CIMB Bank Citibank N.A. Crédit Agricole Corporate and Investment Bank Hong Leong Bank Indian Bank Indian Overseas Bank JPMorgan Chase Mizuho Corporate Bank RHB Bank Sumitomo Mitsui Banking Corporation UCO Bank

Wholesale banks	ABN AMRO Agricultural Bank of China Banco Bilbao Vizcaya Argentaria Banco Santander Bank Julius Baer Morgan Stanley Bank of Communications Bank of Nova Scotia Barclays Bank BNP Paribas Wealth Management China CITIC Bank China Construction Bank Chinatrust Commercial Bank Commerzbank Commonwealth Bank of Australia Crédit Industriel et Commercial Credit Suisse Deutsche Bank DnB NORD Bank DZ Bank AG Singapore Branch Emirates NBD First Commercial Bank First Gulf Bank Habib Bank HSBC Private Bank (Suisse) ING Bank KBC Bank Korea Exchange Bank Landesbank Baden-Württemberg Macquarie Bank Mega International Commercial Bank National Australia Bank National Bank of Kuwait Natixis Norddeutsche Landesbank Northern Trust Portigon Qatar National Bank Rabobank The Royal Bank of Scotland Société Générale Société Générale Bank & Trust State Street Bank and Trust Company UBS UniCredit VTB Capital Wells Fargo Bank Westpac

Offshore banks	Arab Bank Bank Hapoalim Bank of Baroda Bank Mandiri The Bank of New York Mellon Bank of Taiwan Bank Sarasin & CIE Canadian Imperial Bank of Commerce Chang Hwa Commercial Bank Clearstream Banking S.A. Crédit Agricole Hana Bank Hang Seng Bank HSH Nordbank Hua Nan Commercial Bank Korea Development Bank Krung Thai Bank Land Bank of Taiwan Lloyds Bank Mitsubishi UFJ Trust and Banking Corporation Nordea Bank Finland Norinchukin Bank Philippine National Bank Raiffeisen Bank International Royal Bank of Canada Shinhan Bank Siam Commercial Bank Skandinaviska Enskilda Banken Standard Bank Sumitomo Mitsui Trust Bank Svenska Handelsbanken Toronto-Dominion Bank Union de Banques Arabes et Francaises Woori Bank

Interbank networks
and payment systems

¹ Subsidiary of OCBC Bank.
² Operates under UOB's brand name.
³ Subsidiary of DBS Bank.

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