Bank of Singapore looks to expand family office business

Bank of Singapore CEO Bahren Shaari. Photographer: Ore Huiying/Bloomberg

Bank of Singapore, the private bank of Oversea-Chinese Banking Corp., is looking to expand its family office business as the city-state rolls out the red carpet for wealthy investors.

“We are seeing increasing demand for families moving into the next generation to set a proper structure in place to manage family wealth,” Chief Executive Officer Bahren Shaari said in an interview Thursday. “Singapore is promoting that, to let families use it as a base to manage their investment activities globally.”

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