Bank of Singapore
Bank of Singapore (BOS) is a premier private banking institution headquartered in Singapore, and a wholly-owned subsidiary of OCBC Bank (Oversea-Chinese Banking Corporation). Known for its strong financial backing, global reach, and client-centric approach, the bank specializes in wealth management, investment advisory, and family office services for affluent individuals and families worldwide.
With a reputation for integrity and innovation, Bank of Singapore has become one of the fastest-growing private banks in Asia, managing assets worth over US$125 billion (as of 2025).
Historical Background[edit | edit source]
- 1970s–2000s: OCBC began building its private banking capabilities in Singapore and the region.
- 2010: OCBC acquired ING Asia Private Bank from ING Group, renaming it Bank of Singapore.
- 2016: Acquired the wealth management and investment businesses of Barclays Bank (Singapore and Hong Kong), expanding its footprint among ultra-high-net-worth clients.
- Today: Bank of Singapore operates as a trusted global private bank with offices in Singapore, Dubai, Hong Kong, and Luxembourg, serving clients across Asia, Europe, and the Middle East.
Ownership and Structure[edit | edit source]
- Parent Company: OCBC Bank, one of Singapore’s “Big Three” banks.
- CEO: Jason Moo (as of 2025), leading the bank’s expansion in wealth management and digital private banking.
- Headquarters: 63 Chulia Street, Singapore.
- Operates as a separate, fully-licensed entity under the Monetary Authority of Singapore (MAS).
Services and Offerings[edit | edit source]
1. Wealth Management and Investment Advisory[edit | edit source]
Bank of Singapore provides customized strategies to grow, preserve, and transfer wealth across generations.
- Portfolio Management (Discretionary & Advisory).
- Equity, Fixed Income, and Alternative Investments.
- Thematic Investing (ESG, technology, healthcare, sustainability).
- Structured Products and Derivatives.
2. Family Office and Legacy Planning[edit | edit source]
- Helps ultra-high-net-worth families establish family offices in Singapore.
- Provides succession planning, trust services, and philanthropy management.
- Offers legal, tax, and multi-jurisdictional advisory in partnership with global experts.
3. Credit and Financing Solutions[edit | edit source]
- Tailored credit lines for investment and lifestyle purposes.
- Real estate financing across major global cities.
- Art and yacht financing for private clients.
4. Sustainable and Responsible Investing[edit | edit source]
- Offers ESG-focused portfolios that integrate environmental, social, and governance factors.
- Supports impact investing and green bonds in alignment with OCBC’s sustainability goals.
Global Presence[edit | edit source]
Bank of Singapore has a strong international network serving clients in key wealth hubs:
| Region | Locations / Offices | Focus |
|---|---|---|
| Asia-Pacific | Singapore, Hong Kong, Manila, Taipei | Core private banking and investment advisory |
| Middle East | Dubai International Financial Centre (DIFC) | Serves clients from the GCC and Africa |
| Europe | Luxembourg | Gateway for European clients and funds |
| Global Partners | London, Zurich, Shanghai, and Jakarta | Relationship management and cross-border wealth services |
This footprint enables BOS to combine Asian insight with global expertise — a competitive edge in serving international clients.
Digital Private Banking[edit | edit source]
Bank of Singapore is redefining private banking through technology:
- Digital BOS App: Enables clients to track portfolios, view insights, and access research securely in real-time.
- AI and Analytics: Used to tailor investment strategies and enhance risk management.
- Digital Client Onboarding: Simplified account opening process with e-signatures and secure verification.
- Hybrid Relationship Model: Combines digital tools with personalized human advice.
Financial Strength and Ratings[edit | edit source]
- Parent Backing: Fully owned by OCBC Bank, one of the world’s safest banks with AA- credit ratings.
- Assets Under Management (AUM): Over US$125 billion as of 2025.
- Capital Adequacy: Maintains one of the strongest capital ratios among private banks.
- Global Recognition: Frequently ranked among the Top 10 Private Banks in Asia by Asian Private Banker and Euromoney.
Sustainability and Governance[edit | edit source]
Bank of Singapore integrates sustainability principles into wealth management and corporate operations.
- Offers Sustainable Investment Portfolios aligned with the UN Sustainable Development Goals (SDGs).
- Partners with clients to support philanthropy and social impact initiatives.
- Adheres to strong governance, compliance, and ethical standards regulated by MAS.
Awards and Recognition[edit | edit source]
- Best Private Bank in Singapore – Global Finance
- Best Private Bank for Ultra-High-Net-Worth Clients in Asia – Euromoney
- Best Private Bank for ESG Investing – PWM/The Banker
- Best Digital Private Bank in Asia-Pacific – Asian Banking & Finance Awards
Why Clients Choose Bank of Singapore[edit | edit source]
- Strong Backing: Financial strength of OCBC ensures security and trust.
- Global Access: Seamless connectivity across Asia, Europe, and the Middle East.
- Customized Advice: Personalized investment strategies for wealth preservation and growth.
- Innovation: Advanced digital tools and research-driven insights.
- Sustainability Focus: Responsible investing aligned with client values.
Leadership and Philosophy[edit | edit source]
Under CEO Jason Moo, Bank of Singapore continues to build on its “trusted advisor” philosophy — emphasizing long-term relationships, transparency, and prudent advice.
The bank’s culture combines Asian values of trust and stability with global financial sophistication, making it a preferred partner for wealthy individuals and family offices across continents.
Conclusion[edit | edit source]
Bank of Singapore represents the best of Asian private banking excellence, blending stability, global expertise, and modern innovation. Backed by the financial strength of OCBC Bank, it provides clients with a powerful combination of security, personalized service, and investment intelligence.
As global wealth shifts toward Asia, Bank of Singapore stands at the forefront — helping clients build, preserve, and pass on their legacies with confidence, purpose, and responsibility.