Market Watch - Singapore

Union Bancaire PB obtains wholesale bank license in Singapore

The new license will allow UBP Singapore to offer Singapore dollar services, including deposits and loans, within the prescribed regulatory guidelines for wholesale banks, and provide a wider set of investment solutions to domestic clients in Singapore. Guy de Picciotto, CEO of UBP, said, “We welcome the approval from the MAS for the upgrade of the license for our Singapore branch. The upgraded license underlines our commitment to Singapore, the region and our clients. We see great potential in Asia for our wealth and asset management solutions and are excited to have the opportunity now to provide an even wider set of bespoke solutions that will better meet the needs of our clients.” – International Investment



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