Strategy

Bank of Singapore Celebrates One-Year Milestone

Vanessa Doctor Asia Editor 1 February 2011

Bank of Singapore Celebrates One-Year Milestone

Bank of Singapore has recently celebrated its first year as a Singapore-headquartered private bank, boasting of a performance that places it among the largest private banks in the state.

The bank held a party for its staff at the Marina Bay Sands on 21 January, marking a one-year milestone that garnered several awards for the company since its launch. The bank recorded $31 billion in assets under management as of 30 November 2010, compared to $23 billion in 2009.

Bank of Singapore was first introduced in 29 January 2010, after OCBC Bank acquired ING Asia Private Bank. The company effectively merges the strengths of ING Asia Private Bank and OCBC Bank to offer a range of products and services to high net worth individuals.

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