Bank of Singapore signs deal with Edelweiss group for better access to products
- Country:
- Singapore
The Edelweiss group and Bank of Singapore Thursday signed an agreement to provide their clients access to each others' products. Bank of Singapore has a wide range of global investment solutions offered through its open-architecture platform while Edelweiss offers wealth management solutions and investment opportunities.
"Our combined network, business knowledge, and decades of on-ground experience in the financial services space will act as catalysts to our joint ambition of providing the best- in-class solutions to our collective clientele," Edelweiss group chairman Rashesh Shah said in a statement. The partnership will allow Bank of Singapore to significantly raise its profile in the country's growing wealth market.
Edelweiss's wealth management arm has assets under advice of USD 14.4 billion. The country's total personal wealth is expected to top USD 5 trillion by 2022, according to Boston Consulting Group. The Singapore-headquartered private sector bank's NRI clients will benefit from this partnership as it will offer a wider range of investment opportunities.
(With inputs from agencies.)
- READ MORE ON:
- Working group
- Group B
- Sporting Group
- Email client
- My Clients Plus- LLC
- Social work
- Edelweiss Group
- Larsen & Toubro
- NIFTY 50
- Dairy product
- Hairstyling product
- Forest product
- The Others
- The Lives of Others
- Boogiepop and Others
- Partnership taxation
- The Guinness Partnership
- General partnership
- Confined space
- The Space Cinema
ALSO READ
AI Tokens Revolutionizing the Crypto Space
Aerial Photography from Space: Tiny Satellite Delivers High-Resolution Imagery
AAI and Boeing Collaborate for Efficient Airspace Management at Navi Mumbai and Noida Airports
Safran to Showcase Cutting-Edge Aerospace Innovations at Aero India 2025
Head of Russian region named to transport ministry after space agency shakeup