Bank of Singapore Seeks to Expand Its Family Office Business -

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. Singapore family offices had average assets under management of $857 million in 2017, nearly double the Asia-Pacific average of $445 million, according to a survey of 262 such offices in a UBS/ Campden report. To help expand its wealth and family office business in Europe, Bank of Singapore hired Anthony Adriano Simcic this month from HSBC Private Bank in Luxembourg.