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Bank of Singapore targets top-five Asian private bank status by 2030, fueled by $145B+ AUM growth and strategic expansion.
Bank of Singapore, a unit of OCBC, aims to become a top-five private bank in Asia within five years, following a nearly 20% rise in assets under management to over $145 billion by Q3 2025.
The growth, driven by expanding high-net-worth wealth in the Asia-Pacific region—up 4.8% in 2024 and a 2.7% increase in HNWI numbers—has led to hiring more relationship managers, with plans for further expansion in 2026.
The bank is investing in proprietary technology to integrate local currencies and insurance into portfolio planning and developing bespoke products for clients with $100 million or more in assets.
Hong Kong has already surpassed its AUM growth target, while Dubai remains a strategic focus, where the bank aims for 20% of its AUM by 2027 and is considering a new booking center.
It also plans to leverage OCBC’s regional presence and its stake in Great Eastern Holdings to build an integrated onshore-offshore network across Asia.
Bank of Singapore tiene como objetivo el estatus de los cinco mejores bancos privados asiáticos para 2030, impulsado por un crecimiento de AUM de más de $ 145B y una expansión estratégica.