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  • Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 127 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
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  • Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/alfi/tes_website/sites/all/modules/blockgroup/blockgroup.module).
  • Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/alfi/tes_website/sites/all/modules/blockgroup/blockgroup.module).
  • Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/alfi/tes_website/sites/all/modules/blockgroup/blockgroup.module).
  • Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/alfi/tes_website/sites/all/modules/blockgroup/blockgroup.module).
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private banking

Banking & finance

Bank of Singapore launches new asset allocation framework amid heightened global market volatility

The framework, called the strategic asset allocation framework, uses “robust optimisation” techniques to help clients build resilient, long-term investment portfolios.
How Cathay United Bank aims to be a better-known name in SG through innovation, sustainability and client-centricity - THE EDGE SINGAPORE

Banking & finance

How Cathay United Bank aims to be a better-known name in SG through innovation, sustainability and client-centricity

Cathay United Bank launched private banking in Singapore during Covid, which is a move CEO Winfield Wong sees as a vote of confidence in the city’s long-term value.

Wealth

UBS in partnership with India wealth manager 360 ONE

UBS will sell its Indian onshore wealth business to 360 ONE for 3.07 billion rupees and acquire warrants for a 4.95% stake in its Mumbai-listed partner
Wealth managers reduce the risks of transferring assets across generations - THE EDGE SINGAPORE

Wealth

Wealth managers reduce the risks of transferring assets across generations

According to UBS’s billionaires report in 2024, multigenerational billionaires have inherited a total of US$1.3 trillion ($1.73 trillion) in the past decade — and that number is set to grow.
Saxo Singapore CEO on Trump, uncomfortable investing and being a ‘one-stop shop’ - THE EDGE SINGAPORE

Investing strategies

Saxo Singapore CEO on Trump, uncomfortable investing and being a ‘one-stop shop’

Mahesh Sethuraman, CEO of Saxo Singapore, says private banks enjoy an “extraordinary business with pretty thick margins”, but face a dilemma in trying to modernise for the next generation of clients.

Hong Kong

Private banks boost Hong Kong hiring to woo rich Chinese clients

Hong Kong has been rolling out the red carpet for family offices and the wealthy with tax concessions as well as residency plans.
DBS hires private bankers for rich Russians as rivals balk - THE EDGE SINGAPORE

Banking & finance

DBS hires private bankers for rich Russians as rivals baulk

The Singapore lender grew Russian-speaking team to at least nine, while some other financial firms stayed away on growing sanction risks.

Banking & finance

UBS looks to rich women after long Australian wealth hiatus

Among the fastest newcomers to the high-net-worth category are women and not-for-profits. Both have gone from “niche a couple of years ago and now are a huge opportunity”.

Banking & finance

Barclays to add Singapore as private bank booking centre by 2026

Barclays sold its wealth businesses in Singapore and Hong Kong to Oversea-Chinese Banking Corporation (OCBC) in 2016.

Wealth

DBS aiming for $500 billion in wealth AUM by end of 2026: Reuters

The bank aims to double the number of clients with at least $1 million by the end of 2026 too
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