Bank of Singapore

What Bank of Singapore does

Bank of Singapore Limited is a wholly-owned private banking subsidiary of Oversea-Chinese Banking Corporation (OCBC), the longest-established Singapore bank and Southeast Asia's second-largest financial services group by assets. Formed on January 29, 2010 through OCBC's acquisition of IAPB (International Asset Bank), the bank today operates from headquarters in Singapore and branches in Hong Kong, Dubai, London, Luxembourg, Malaysia, and the Philippines, serving ultra-high-net-worth and high-net-worth individuals with over USD 5 million in investable assets, families seeking multi-generational wealth advisory, and financial intermediaries (independent asset managers, external financial advisors, and multi-family offices). Reported assets under management exceeded US$145 billion by late 2025, placing the bank among Asia's top 10 private banks.

The platform is structured around three solution lines — Individuals, Family Offices, and Financial Intermediaries — supported by an open-architecture product shelf spanning investment products (securities, bonds, derivatives), alternative investments, sustainable investing, and discretionary/advisory portfolio management under a dedicated CIO Investment Institute. Financing modules cover marketable securities, insurance premiums, real estate, credit structuring, and corporate finance routed through parent OCBC. Legacy services run through BOS Trustee (Singapore trust company dating to 1938) and include succession, estate, philanthropy, and liquidity/risk planning. The bank's reported differentiator on technology is the deployment of agentic AI for Source-of-Wealth KYC reports, reducing cycle time from approximately ten days to one hour, alongside a proprietary 'A.I. Oscar' stock-picking tool and a Digital Services mobile app for client trading and research access.

The revenue model is recurring wealth management fees scaled to AUM, supplemented by financing interest, brokerage, FX/treasury, and trustee/estate fees — anchored within OCBC's 'Next Frontier' whole-of-wealth strategy that integrates Bank of Singapore, OCBC consumer and corporate banking, and Great Eastern insurance under shared financial targets. The go-to-market combines direct, dedicated relationship managers, a self-serve Digital Services app, and a financial-intermediary channel (IAM model) where the bank safeguards assets and executes transactions while external advisors manage client relationships. Q1 2026 wealth fees reached S$422 million (+34% YoY) and the bank has set an internal target of 30% growth in UHNW-contributed AUM by 2028, supported by aggressive relationship-manager hiring, a revamped compensation framework, and senior leadership additions across Dubai, Greater China, and family office practices.

Name

Bank of Singapore

Legal name

Bank of Singapore Limited

Website

https://bankofsingapore.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Bank of Singapore is a wholly-owned OCBC subsidiary providing private banking, investment advisory, portfolio management, financing, and succession planning to ultra-high-net-worth and high-net-worth clients with USD 5M+ investable assets, operating across Singapore, Hong Kong, Dubai, London, Luxembourg, Malaysia, and the Philippines.

Ownership category

akta.pro rank

Product category

Private Banking

NAICS

Depository Credit Intermediation (5221), Commercial Banking (522110)

SIC

National Commercial Banks (6021), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Offshore & International Private Banking (FSAAABAB)

akta.pro secondary industries

High-Net-Worth (HNW) Private Banking (FSABADAB), Private Banking Advisory & Discretionary Portfolio Management (FSABADAD), Onshore Private Banking (Domestic HNW/UHNW) (FSAAABAA)

Keywords

• Private banking
• Wealth management
• Investment advisory
• Portfolio management
• Succession planning

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Wealth Management Fees: Bank of Singapore generates wealth management fees from managing assets for ultra-high-net-worth clients. The bank reported wealth fees grew 34% year on year to S$422 million in Q1 2025.
2. Private Banking Services: Private banking services for clients with over USD 5 million in investable assets, including investment advisory, portfolio management, and financing solutions.
3. Financial Intermediary Platform: Services for independent asset managers, external financial advisors, and multi-family offices, with assets under management for financial intermediary clients rising more than 30 percent in 2025.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels9 records

Core offering

Bank of Singapore is a private banking subsidiary of OCBC that delivers personalised wealth management to ultra-high-net-worth and high-net-worth individuals (clients with USD 5 million+ in investable assets). Core capabilities include investment advisory, discretionary portfolio management, alternative and sustainable investments, financing solutions, succession and estate planning, trust services, and family office advisory. The bank also operates an open-architecture platform serving independent asset managers, external financial advisors and multi-family offices.

Product overview

Bank of Singapore operates as a unified private banking platform offering comprehensive wealth management solutions across multiple client segments. The core offering comprises Individuals Solutions for ultra-high-net-worth and high-net-worth clients, Family Office Solutions for legacy planning and generational wealth management, and Financial Intermediaries (IAM) Solutions for independent asset managers. Supporting these are investment modules including Investment Products (securities, bonds, derivatives), Alternative Investments (institutional access to top-tier managers), Sustainable Investing (ESG-focused), and Investment Services (discretionary and advisory mandates). Financing Solutions include Marketable Securities Financing, Insurance Premium Financing, Real Estate Financing, Credit Structuring, and Corporate Finance via parent OCBC. Legacy Services encompass Succession and Estate Planning, Trust Services (via BOS Trustee subsidiary), Philanthropy Support, and Liquidity and Risk Management. Digital capabilities include a Digital Services App for mobile banking. The bank also offers Physical Gold Trading and Agentic AI-powered KYC tools. Subsidiaries include BOS Trustee, BOSWM Malaysia, and BOS Wealth Management Europe. The CIO Investment Institute provides research and strategic asset allocation guidance.

Differentiator

Problem solved

Functional benefit

Products and services

• Individuals Solutions
• Family Office Solutions
• Financial Intermediaries Solutions
• Physical Gold Trading Services

Quantifiable outcome

• Wealth fees grew 34% year on year to S$422 million in Q1 2025
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature1 record

Partnerships

Ten partnerships are on record, tiered core and minor.

• OCBC (for Physical Gold Trading)coreTechnology or Integration · 10 June 2026OCBC announced it will offer physical gold trading services to institutional clients and private banking customers of Bank of Singapore starting June 10, allowing them to buy, sell, and custodise gold bars stored in Singapore-based vaults. The gold bars will be available in 12.4 kg and 1 kg sizes.
• BOS Wealth Management MalaysiacoreStrategic or Co-development Partner · 29 November 2019BOS Wealth Management Malaysia became a fully-owned subsidiary of Bank of Singapore on 29 November 2019. It holds a Capital Markets And Services License from the Securities Commission Malaysia and focuses on establishing and managing unit trust funds and private investment mandates for clients.
• SMBC Trust BankminorStrategic or Co-development Partner · 1 January 2018Bank of Singapore signed a memorandum of understanding with SMBC Trust Bank to offer Japanese ultra high net worth individuals global investment opportunities outside of Japan.
• Edelweiss GroupminorStrategic or Co-development Partner · 1 January 2017Strategic partnership with Edelweiss Group, one of India's largest diversified financial services groups, to provide clients of both entities the opportunity to access their respective product platforms.
• OCBC GroupcoreStrategic or Co-development PartnerBank of Singapore is a wholly-owned subsidiary of OCBC, Southeast Asia's second largest financial services group by assets. OCBC provides Bank of Singapore with strong credit ratings (Aa1 by Moody's, AA- by Fitch and S&P), full suite of investment and commercial banking solutions including financing, insurance, and brokerage services. Great Eastern Holdings, OCBC's insurance subsidiary, is integrated into the 'whole-of-wealth' ecosystem.
• Great Eastern HoldingscoreStrategic or Co-development PartnerGreat Eastern is OCBC's insurance subsidiary integrated into the 'whole-of-wealth' model with Bank of Singapore. Great Eastern launched Great Eastern Private targeting Asia's high-net-worth segment in collaboration with Bank of Singapore, combining tailored HNW insurance solutions with curated expertise and services.
• BOS Trustee LimitedcoreStrategic or Co-development PartnerFormerly known as OCBC Trustee, BOS Trustee is a wholly-owned subsidiary of Bank of Singapore and one of Singapore's oldest trust companies (established 1938). It offers comprehensive solutions for wealth protection, succession planning, and legacy shaping for high- and ultra-high-net-worth clients.
• BOS Wealth Management Europe S.A.coreStrategic or Co-development PartnerEuropean wealth management subsidiary headquartered in Luxembourg with a London office. Provides wealth management services for European clients with exclusive offerings designed for professional clients.
• Raffles Medical GroupminorStrategic or Co-development PartnerPartnership with Raffles Medical Group for on-site medical facility within the Hewton Fair Suite at Great Eastern Centre, supporting Great Eastern Private client offerings.
• Art Outreach SingaporeminorGTM or Marketing PartnerCollaboration with local non-profit organisation Art Outreach Singapore for the Past Forward art series, showcasing Asian craftsmanship and supporting Singapore's creative community.

Scale indicators5 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Pictet Group: Swiss private bank with growing Asia franchise focused on HNW/UHNW wealth management and asset management; competes with BoS for cross-border Asian family wealth and UHNW mandates.
• DBS Private Bank: Singapore's largest domestic bank with a fast-growing private banking franchise; competes most directly with BoS for onshore Singapore UHNW clients and Southeast Asian wealth.
• Standard Chartered Private Bank: Singapore-headquartered international private bank with strong Asia, Middle East, and Africa franchise; competes head-to-head with BoS in UHNW wealth management across emerging markets.
• Julius Baer: Pure-play Swiss private bank focused on HNW/UHNW wealth management with significant Asia coverage; competes directly with BoS for Asian offshore wealth and offers similar open-architecture advisory services.
• UOB Privé / UOB Private Bank: Singapore-based private banking arm of UOB Group with strong Southeast Asia coverage; direct competitor to BoS for HNW/UHNW clients in Singapore, Malaysia, Indonesia, and Greater China.
• Lombard Odier: Swiss private bank with strong Asian presence focused on HNW/UHNW clients and family offices; competes directly with BoS for offshore Asian wealth and offers similar holistic wealth structuring services.

Broad incumbents

• J.P. Morgan Private Bank: Top global private bank with growing Asia footprint; competes with BoS for UHNW clients and family offices seeking integrated investment banking, lending, and wealth management.
• UBS Wealth Management: The world's largest wealth manager with a substantial Asia private banking franchise; directly competes with BoS for UHNW clients across the region and offers global investment capabilities at a much larger scale.
• HSBC Private Banking: Global private bank with deep Asian roots and a strong Hong Kong/Singapore presence, competing directly with BoS for cross-border Asian HNW/UHNW clients and offering similar offshore wealth structuring.
• Citi Private Bank: Global private bank with material Asia presence and integrated investment banking; competes with BoS for UHNW clients and family offices seeking global investment access.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/bank-of-singapore

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles22 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bank of Singapore