Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
Bank of S'pore eyes further growth in Mid-East business
The Straits Times
|August 24, 2024
Bank of Singapore aims to grow its business in the Middle East, with the region contributing up to 20 per cent of its overall revenue and private banking assets over the next three to five years, from around 10 per cent now.
-
Bank of Singapore, an OCBC unit and one of Asia's biggest private banks, grew its assets under management (AUM) to US$116 billion (S$152 billion) as at end-September 2023, from about US$20 billion in 2010, as per the latest financials available for the unlisted firm.
The private bank's Singapore and Hong Kong hubs currently make up the majority of its AUM.
"UAE and in particular Dubai have become key destinations for global millionaires post-Covid," Mr Ranjit Khanna, the head of private banking for Europe and the Middle East and chief executive for Dubai hub at Bank of Singapore, told Reuters.
Denne historien er fra August 24, 2024-utgaven av The Straits Times.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA The Straits Times
The Straits Times
Shop for cosy, comfy fitness gear at these three Singapore brands
Entering your soft era?
4 mins
October 31, 2025
The Straits Times
AUTUMN MYSTERY ON DERBY MISSION
Little-known Victorian trainer ‘living the dream’ with live chance at maiden Gl glory
2 mins
October 31, 2025
The Straits Times
S'pore forms company to buy green jet fuel
A company has been set up to buy and manage a supply of sustainable aviation fuel for Singapore’s air hub, the Civil Aviation Authority of Singapore (CAAS) said on Oct 30.
4 mins
October 31, 2025
The Straits Times
Commuting Clearer queue markings needed at bus interchange
I recently visited the Woodlands Integrated Transport Hub to board service 168. The berth I went to has three different bus services sharing the same space.
1 min
October 31, 2025
The Straits Times
Property Review clause for lease renewal commissions in agency agreements
The Council for Estate Agencies (CEA) should review the \"renewal commission\" clause found in its prescribed Estate Agency Agreement for the Lease of Residential Property by a Landlord.
1 min
October 31, 2025
The Straits Times
Forget gold. Aluminium is the real metal of the moment
For the last 25 years, Beijing has single-handedly supplied the world's incremental demand for the metal.
1 mins
October 31, 2025
The Straits Times
ATHLEISURE RENEWED
It may have peaked in the West, but players here say the fashion trend is still alive and kicking in Singapore
8 mins
October 31, 2025
The Straits Times
Tech sector sees layoffs amid rising Al use
The axing of 14,000 roles announced by Amazon on Oct 28 comes amid increasing use of artificial intelligence (AI) tools for routine tasks.
3 mins
October 31, 2025
The Straits Times
My Best Shot to defy handicap in Algoa Cup
Oct 31 South Africa (Fairview/Greyville) preview
5 mins
October 31, 2025
The Straits Times
Manpower Perm Sec Ng Chee Khern to retire; changes to other posts
Manpower Permanent Secretary Ng Chee Khern will retire on Dec 1, marking an end to 41 years in the public service during a career filled with distinction.
2 mins
October 31, 2025
Listen
Translate
Change font size