Bank of Singapore Centre opens at Raffles Place

BoS expands as its earning asset base delivers strong growth in the first five months of 2011, reaching US$36.3 billion.

Owned by OCBC Bank and previously known as 63 Market Street Building, the newly named Bank of Singapore Centre houses the new private banking client centre as well as Bank of Singapore’s senior management and staff from the International, Singapore and South-east Asia desks. Over time, as more space becomes available, more teams will be moved into BoS Centre.

Mr Renato de Guzman, Chief Executive Officer of Bank of Singapore said, “Since we launched the Bank of Singapore entity in 2010, we have done exceptionally well. In our first year, our earning asset base (assets under management plus loans to clients) grew by 20% to US$32 billion as at end 2010.

In the first five months of 2011, we have further increased our earning asset base by US$4.3 billion to US$36.3 billion, representing an annualised growth rate of more than 30%. We are anticipating further growth and the move to the new BoS Centre is a significant milestone as it marks our commitment to entrench our position as Asia’s leading Global Private Bank.”

He added, “Housing our employees and operations in one central location will help ensure smoother work flow, enabling us to be more efficient in serving our clients. At the same time, our customers will be able to enjoy a comfortable, quiet haven in the city should they choose to meet at our offices.” 

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.