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Company type | Subsidiary |
---|---|
Industry | Private banking and wealth management |
Predecessor | ING Asia Private Bank |
Founded | 29 January 2010[1] |
Headquarters | |
Key people | Jason Moo (CEO) |
Products | Wealth planning, asset preservation, alternative investment |
Number of employees | More than 2,300 |
Parent | OCBC Group |
Website | www |
Bank of Singapore is the private banking arm and a wholly owned subsidiary of Oversea-Chinese Banking Corporation (OCBC), Southeast Asia’s second largest bank.
Formerly known as ING Asia Private Bank, it was acquired by OCBC in 2009 from ING Group for US$1.46 billion.[2] After completed the acquisition, OCBC subsequently combined ING Asia Private Bank with its own private banking business (OCBC Private Bank), and renamed as Bank of Singapore in January 2010.[3][4]
The Bank of Singapore serves high net worth individuals and wealthy families in its key markets of Southeast Asia, Greater China, India Sub-Continent and other international markets.[4]
Headquartered in Singapore, the Bank of Singapore has branches in Hong Kong and Dubai, with a representative office in Makati City, Philippines. In Europe, the bank serves clients through BOS Wealth Management Europe Société Anonyme (S.A.) which is headquartered in Luxembourg and has a London office. In Malaysia, it serves its clients through BOS Wealth Management Malaysia Berhad. Bank of Singapore is rated Aa1 by Moody's.[4]