UBS Wealth Management
Having adjudged their offering for three years, Asian Private Banker was convinced not only of the scale of the bank’s ambitions for its home market but also of the effective implementation of these strategies. From a total frontline staff strength of more than 200 in 2011 when the bank first won the award in this category, Bank of Singapore now has 260 relationship managers in Asia alone, in addition to its teams in other geographies such as London and Dubai. Moreover, it has almost doubled assets over the same period with strong net new money inflows.
While growth is an important indicator of success, it is meaningless unless it is sustainable. Bank of Singapore was able to authenticate its right to this award by providing data from The Boston Consulting Group Wealth-Manager Performance Database 2013, verifying that it has the highest growth in net new assets among the profitable banks in the region.
This rare combination of growth as well as profitability, deep local expertise along with its superior credit rating and enviable balance sheet strength, has made Bank of Singapore the clear winner in this category for three consecutive years.