Top Banking Financial Services And Insurance Companies in Singapore

As a key financial center of Asia, Singapore offers its banking and finance services to a wide global customer base. The country has three main local banks - DBS Bank, Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) - that are the largest in Southeast Asia in terms of assets, and more than 100 international banks, which operate as branches of foreign banks. Among the foreign banks, HSBC, Standard Chartered, Maybank, BNP Paribas and Citibank play a significant role in the Singapore banking industry.

read full article below

Filter bySearch by company name, registration number or domain name

Company	Headcount	Contact	Description
BANK OCBC NISP	6,276	+62 1 500 999	Bank OCBC NISP (formerly known as Bank NISP) is the fourth oldest bank in Indonesia, which was founded in April 4th 1941 in Bandung under the name of NV Nederlandsch Indische Spaar En Deposito Bank.Bank OCBC NISP then grown to be a solid and dependable bank, especially in providing service for small business segments. It officially became a commercial bank in 1967, Foreign exchange bank in 1990 and public corporate in Indonesia Stock Exchange in 1994.In the end of 1990, Bank OCBC NISP managed to pass the Asia monetary crisis and the fall of banking industry without any recapitalization obligation aid from the government. Bank OCBC NISP became one of the first few banks to resume lending during the crisis. This initiative enabled the Bank to note a high growth.Bank OCBC NISP good reputation and its promising growth has attracted the interest of International Finance Corporation (IFC), a part of World Bank Group, which then became a shareholder in 2001-2010 and from OCBC Singapore which then became the shareholder Bank OCBC NISP. OCBC Singapore finally became the stakeholder after going through several acquisitions and tender offers since 2004. OCBC Singapore Bank currently holds 85,06% of the stock in OCBC NISP.With the support from OCBC Bank-Singapore, OCBC NISP has implemented agressive programmes to strengthen the infrastructure, human resources, information and technology, as well as office networking. This programme was the foundation of the relocation of the main office of OCBC NISP Tower to the central Jakarta that enables OCBC NISP Bank to gain access to the business centre in Indonesia.Bank OCBC NISP currently employs more than 6,500 employees. That number spreads over 330 branch offices. With high motivation, Bank OCBC NISP is ready to serve the customers who are in 59 cities in Indonesia.
METROBANK	8,288	+63 2 8870 0700	Be part of a leading financial institutionMetrobank is the country’s premiere universal bank with the largest consolidated network of over 870 branches and over 1,900 automated teller machines nationwide, and 33 foreign branches, subsidiaries and representative offices. A recognized leader in the country’s banking industry, Metrobank has become the trusted banking partner, staying true to its promise of keeping you in good hands. Experience a fruitful and rewarding careerThe driving force of Metrobank’s success is its people who are committed to product quality and service excellence; practice strong work ethics and good governance. We uphold a culture anchored on our core values of customer delight, teamwork, passion for results and integrity. In Metrobank, hardwork is well-rewarded with a long term career and a competitive rewards system. Learn from trusted professionalsMetrobank is an excellent training ground for individuals who aim to learn and gain exposure to the different facets of banking and finance. The learning opportunities are immense as you work with top-notch experts of the banking industry - a driven team of individuals who put value on excellence and passion for service.Metrobank is regulated by the Bangko Sentral ng Pilipinas (https://www.bsp.gov.ph/)
CREDIT SUISSE	49,648	+65 6212 2000	Credit Suisse is a leading global wealth manager with strong investment banking capabilities. Headquartered in Zurich, Switzerland, our operation has a global reach and extends to about 50 countries worldwide across mature and emerging markets with more than 45,000 employees from over 150 different nations.We partner across countries, divisions and regions to deliver holistic financial solutions to our clients, including innovative products and specially tailored advice, aligned to our high ethical standards. We strive for quality and excellence in our work and professional relationships, recognizing and rewarding extraordinary performance among our employees and providing opportunities for internal mobility, dedicated training and leadership. As a global and inclusive community, we benefit from a diverse range of perspectives to create value and drive results for our clients, shareholders and communities. Our values are brought to life through the entrepreneurial spirit of all within our network. We are Credit Suisse.Social Media Disclaimer and guidelines: http://bit.ly/2KCQhO6
BANGKOK BANK	3,643	+65 6410 0400	Discover Bangkok Bank – Thailand’s largest commercial bank and one of the leading commercial banks in Southeast Asia. A pioneer bank with long progress of the country. Bangkok Bank has grown and matured with Thai people and their business interests and today is renowned for its size, stability and partnership approach. The bank is driving innovation in new products and services and building on its inherent scale advantages to meet the challenges of a changing financial landscape and consolidate its leadership position for the future.
JULIUS BAER	6,482	+65 6827 1999	The Julius Baer Group is present in around 60 locations worldwide, including Zurich (Head Office), Bangkok, Dubai, Dublin, Frankfurt, Geneva, Hong Kong, London, Luxembourg, Madrid, Mexico City, Milan, Monaco, Mumbai, Santiago de Chile, São Paulo, Shanghai, Singapore, Tel Aviv, and Tokyo.Social media terms of use: https://www.juliusbaer.com/en/legal/social-media/
TONIK	364	+65 8708 7087	Tonik is a transformative digital bank on a mission to revolutionize the way money works in Southeast Asia.We are addressing the US$140 billion retail deposit and US$100 billion unsecured retail lending opportunities in the Philippines. We believe the existing Filipino banking customers and the 70% of the Filipinos that remain unbanked deserve a better choice – a digital-only bank that is simple, not intimidating, helps them save, all at the click of a button. As the world leader in internet and social media usage, we believe Philippines is ripe for becoming a world leader in digital banking too.We plan to make it happen. We provide retail financial products, including deposits, loans, savings accounts, payments, and cards on a highly secure digital banking platform.Innovation is woven into the DNA of our company. We put customers first. We challenge the status quo. We are relentless. We are passionate about improving people’s financial lives through the use of technology.Tonik is officially the Philippines’ first neobank to secure a digital bank license from the Bangko Sentral ng Pilipinas (BSP). Deposits are insured by the Philippine Deposit Insurance Corporation (PDIC).
STANDARD CHARTERED BANK	70,447	+65 6596 7000	We are a leading international banking group, with a presence in more than 60 of the world’s most dynamic markets. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, Here for good. Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges.
UCAP ASSET MANAGEMENT SINGAPORE	4	+65 6636 7556	We are an independent investment and financial advisory firm dedicated to providing bespoke solutions to help our clients to grow and safeguard their wealth and assets – and successfully transfer these safely to future generations.
WESTPAC NEW ZEALAND	3,972	+64 800 400 600	We’ve been helping New Zealanders find the right financial solutions to suit their lives since 1861. We first opened back then as The Bank of New South Wales, and then changed our name to Westpac in 1982. Along the way we’ve grown stronger by joining forces with the Commercial Bank of Australia and Trust Bank – to become Westpac New Zealand Limited. We bank all sorts of people and businesses – from young children, to first home-owners through to big corporates and the New Zealand Government. Nearly a quarter of all Kiwis bank with Westpac, so we’ve got great experience and knowledge to draw on when it comes to helping people with their very first bank account, all the way through to their retirement.With more than 200 branches, and nearly 500 ATMs, we’re one of New Zealand’s largest banks. We provide a full range of banking and financial services for personal, business and agribusiness banking.A copy of our House Rules can be found here: http://bit.ly/1p0SuxH
AAREAL BANK AG	659	+65 6884 4136	Welcome to the world of Aareal Bank! As the leading provider of smart financing, software products and digital solutions for the property sector and related industries we support our clients on three continents with our finance expertise and managing real estate projects. As a top employer with excellent trainee programs we offer various personalities a professional work place.Do you want to join our amazing team, with awesome benefits, systemized HR development and plenty work-life-balance initiatives? Then send us a message, we look forward to hear from you soon!In general we are available here from 9am to 5pm, MO-FR on bank working days.Imprint: http://www.aareal-bank.com/en/footermenu/imprint/Impressum: https://www.aareal-bank.com/footermenu/impressum/
WESTPAC INSTITUTIONAL BANK	1,676	+65 6530 9898	Westpac Institutional Bank (WIB) is partnering with corporates, institutions and governments to back nation-building development and supporting clients with their transition to net zero emissions.
OCBC BANK	15,704	+65 1800 773 6437	OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s. Recognised for its financial strength and stability, OCBC Bank is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker. OCBC Bank and its subsidiaries offer a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services. OCBC Bank’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has more than 570 branches and representative offices in 19 countries and regions. These include about 300 branches and offices in Indonesia under subsidiary Bank OCBC NISP, and over 90 branches and offices in Mainland China, Hong Kong SAR and Macau SAR under OCBC Wing Hang. OCBC Bank’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals. OCBC Banks insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in Southeast Asia.
LOMBARD ODIER GROUP	2,803	+65 6305 7789	Lombard Odier aspires to be an innovative bank of choice for private and institutional clients seeking a tailored, sustainable approach to wealth and asset management. Founded in 1796, Lombard Odier is the oldest private bank in Geneva and one of the largest in Switzerland and Europe, with a network of more than 25 offices worldwide. An independent family business for seven generations, we have served our clients guided by a simple philosophy: rethink everything. Lombard Odier has a longstanding tradition of thinking and acting along the principles of corporate responsibility and sustainability.
BANK AUSTRALIA	433	+61 132888	As a customer owned, B Corp certified bank, were doing banking differently. We empower our staff and customers to be part of the clean money movement.We achieve this by staying true to our purpose and values through our strategy, operations, products and services, and advocating to bring others on the journey. This means every role and person in our bank is essential to bringing our values, purpose and aspiration to life.As a customer owned bank, we reinvest our profits to continually serve our customers through competitive rates and fees, responsible banking, and supporting positive impact.Our Contact Centre, lending operations and processing are based in the Latrobe Valley and Bendigo while our head office is in Kew, Melbourne. We also have branches in Melbourne and regional Victoria, Brisbane, Adelaide, Canberra and Sydney.
BANK OF AMERICA	205,260	+65 6678 0000	Bank of America is one of the worlds largest financial institutions, serving individuals, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company serves approximately 56 million U.S. consumer and small business relationships. It is among the worlds leading wealth management companies and is a global leader in corporate and investment banking and trading.This LinkedIn company page is moderated. For more information, please visit: https://bit.ly/32FDdQr.For account issues, please visit: https://bit.ly/2GeTIeP.
LGT PRIVATE BANKING	2,249	+65 6415 3850	Forward-looking for generationsLGT is an international private bank owned by the Princely Family of Liechtenstein with 23 locations in Europe, Asia, Australia, and the Middle East. Our solid capitalization, long-term thinking, and strategic focus underpin our strong values. These are rooted in 900 years tradition and entrepreneurial thinking. Digitization represents a key pillar of how we continually innovate to find better ways of doing things - today and for the future.Sustainable and social: Sustainability is a pillar of LGTs strategy. Thinking, managing, and investing sustainably are integral parts of our DNA. LGT has committed to reducing the net CO2 emissions from its operations and its investments to zero by 2030.The Princely Family’s view is that wealth itself isnt a purpose, but that it comes with a sense of responsibility. Being wealthy means embracing and acting on that responsibility, as well as passing these values on to the next generation.LGT as an employer: LGT is a vibrant, growing international company and employer. We are certified as a Great Place to Work by the international consulting and research institute of the same name. Whether you have a wealth of experience or are embarking on your first professional steps, LGT careers offer an empowering environment to realize your ambitions.Take your next career step at one of our 23 international locations: www.lgt.com/global-en/career/jobsPublishing information: www.lgt.com/global-en/publishing-information
SOCASH PTE LTD	34	+65 3129 2808	SOCASH creates the next-gen distribution for Digital banks and payment platforms.Banks need channels and distribution - to acquire customers , sell products, process payments & deliver services, but the current infrastructure is capital intensive and inefficient. On the other spectrum is the neighbouhood retailer with idle capacity. SOCASH connects these shops and offers a highly scalable and responsive network of retailers, delivering the spectrum of cash management, payment solutions and financial services. This is achieved by blending retail networks, payment solutions and banks with SOCASH platform The platform offers business payment solutions, solves cash management and enables customer onboarding via its ever growing network of retailers. The platform drives convergence of payments with cash and takes banking to where customers are.We are among fast growing fintech, HQd Singapore and expanding our markets across Asia and beyond. As Asia drives up consumption , the next billion are demanding ever increasing access to financial services, which the current network of ATMs and Branches are unable to deliver. With over 20,000 shops on our network and working across Asia, we are working towards a future where banking is delivered on an ubiquitous scale embedded in the community in a cost effective manner.The platform has achieved global sales and is growing with the demand from Digital banking revolution. Generates recurring from platform licences, transaction fees and FX. Products have profitable unit economics. SME lending product in pipeline.The company has raised USD 12.5M capital, most recently a USD 6 Million a strategic round from Glory Ltd (Japan), Standard Chartered and Vertex Ventures.
BRUC BOND	7	+65 9337 0199	Bruc Bond is a boutique banking firm with expertise in corporate banking & B2B payments. We work with the singular purpose of transforming global corporate banking by bringing private banking experience to corporate clients through our experienced and highly qualified client success teams, located around key global financial centers and in partnership with Tier-1 global financial institutions.We bridge Small Medium-sized Enterprises (SMEs) with global network partner banks on B2B transactions- International transactional accounts, cross-border payments and currency exchange- Straightforward & Efficient account opening process - Remote verification, with no travel required - Dedicated, multi−currency and single-currency bank accounts in multiple jurisdictions- A simple and intuitive online banking platform allows clients to manage multiple accounts via a single interfaceApply today and we’ll get back to you within one business day. Start your application at: https://www.brucbond.com/apply/apply Or contact us via email at: info@brucbond.com
WESTPAC	16,305	+65 6530 9898	Westpac is Australia’s oldest bank and company, one of four major banking organisations in Australia and one of the largest banks in New Zealand. We provide a broad range of banking and financial services in these markets, including consumer, business and institutional banking and wealth management services. We also have offices in key financial centres around the world including London, New York, Hong Kong and Singapore.Westpac Groups portfolio of financial services brands and businesses is focused on our vision, which is To be one of the world’s great service companies, helping our customers, communities and people to prosper and grow.”We welcome your contributions to our page. Please check our guidelines before you join the conversation: https://www.westpac.com.au/contact-us/social-media/ Westpac acknowledges the traditional owners as the custodians of this land, recognising their connection to land, waters and community. We pay our respects to Australias First Peoples, and to their Elders, past, present and future.Westpac Banking Corporation ABN 33 007 457 141. AFSL and Australian credit licence 233714.
DBS BANK	31,927	+65 800 852 6186	DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The banks AA- and Aa1 credit ratings are among the highest in the world.Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia“ award by Global Finance for 14 consecutive years from 2009 to 2022.DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting social enterprises: businesses with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping communities with future-ready skills and building food resilience.With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com

Top Banking Financial Services And Insurance Companies in Singapore

Overview

Robust and sophisticated industry with well-established local and international banks

The Monetary Authority of Singapore (MAS) acts as the central bank and regulator of the banking and finance industry in Singapore. SingStat data shows that the overall finance industry contributed to around 15% of the country’s GDP in 2021.

As per the CEO of DBS, the banking sector penetration in Singapore is around 98%. According to the Brand Finance rankings for 2021, the three key local banks in Singapore were the most valuable Singaporean brands in the country. Public confidence in the domestic banks of Singapore is evident from this. The Financial Times reported, citing Moody’s research, that the three main local banks in Singapore held around 60% of the domestic customer deposits as of September 2019.

Corporate sector lending accounts for 71% of banking sector loans

Based on statistics from MAS, the loans and advances held by the Singapore banking industry grew at a CAGR of 5% between 2011 and 2021. According to MAS data, as of December 2021, corporate sector lending accounted for around 71% of the Singapore banking industry loans and advances, and the consumer sector accounted for the balance 29%.

Within the corporate sector lending portfolio, loans to financial institutions were around 35%, and finance to building and construction was around 22%, which were the two major industries borrowing funds from banks in Singapore. Within the consumer lending portfolio, around 58% of the loans were related to housing as of December 2021.

Data from Asian Development Bank (ADB) shows that both loans and deposits with Singapore banks were equally split between domestic and foreign currencies as of December 2020. As per MAS statistics, non-performing loans (NPLs) of the Singapore banking industry remained stable at 2% from 2016 to 2019. However, this shot up close to 3% in 2020, driven by an increase in NPLs due to the pandemic, and then normalized again at 2% in 2021.

Favorable fiscal policies and strong legal system support growth of private banking

Singapore is a key hub for investment banking services related to international debt issues, corporate finance and M-u0026A deals. It is also renowned for its wealth management services. Singapore’s strong legal system and favorable fiscal policies have supported the expansion of private banking and wealth management services in the country, which mostly serves wealthy Asian and European clients.

In 2021, Singapore ranked second in Deloitte's competitive ranking of international wealth management centers. As per MAS, around 78% of the assets under management in Singapore was sourced from outside the country during 2020.

Key Trends

Resilient performance despite challenges from COVID-19

As per comments from MAS, the banking and financial industry showed robust growth despite the pandemic. Based on MAS data, the overall financial services industry grew 6% YoY in 1H 2021 and 5% YoY in 2020, mainly driven by banking, insurance, fund management and payment services. According to the comments of MAS, the banking sector growth in 2020 was largely due to the increase in fee income.

Based on statistics from ADB and MAS, the total loans of the Singapore banking industry was down 1% YoY during 2020 and 2021, due to the impact of COVID-19, while deposits were up 10% YoY in 2020 and 12% YoY in 2021, as customers chose to save in deposit products at banks. As per MAS, despite the adverse effect of the pandemic, the NPL ratio of the banking sector remained healthy at 2% and the common equity tier 1 (CET1) capital adequacy ratio of the key domestic banks stood strong at 15% as of September 2021.

However, the credit risk of Singapore banks could possibly increase in 2022 compared to 2021, driven by the expiry of moratoriums during 2H 2021. These moratoriums previously benefited individuals and SMEs affected by COVID-19.

The Business Times reported, citing preliminary data from Refinitiv, that total investment banking fees in Singapore grew 34% YoY during 2021, mainly driven by higher merger and acquisition activity. It further stated that debt capital market underwriting fees increased 88% YoY due to higher bond issues from Singapore-based issuers, while equity capital market underwriting fees fell 19% YoY due to a decline in follow-on share offerings in the market.

During 2020, MAS wanted local banks to prioritize lending to businesses and individuals, to overcome the negative impacts of the pandemic, and introduced a cap on dividends of banks and encouraged scrip dividend payments.

Digital disruption to transform banking and finance industry in the long run

The strong technological infrastructure and regulatory environment of Singapore have been very conducive for fintech industry growth in the country. In addition, COVID-19 has accelerated the overall growth and customer acceptance of the digital banking and fintech landscape.

Payments and remittances, blockchain and cryptocurrencies, and wealth management platforms are some of the most popular fintech sub-segments in Singapore. As per research from KPMG, during 1H 2021, Singapore recorded 72 investment deals in the fintech industry, which was the highest recorded count during 1H compared to the numbers from 2018 to 2020.

In December 2020, MAS awarded four digital banking licenses in Singapore, and these digital banks are planning to start their operations in the country around early 2022. Digital full bank licenses, which enable banks to serve both retail and corporate customers, were awarded to a consortium of Grab Holdings and Singtel, and to an entity owned by Sea Ltd. Digital wholesale bank licenses were awarded to a consortium of Greenland Financial Holdings, Linklogis Hong Kong Ltd and Beijing Co-operative Equity Investment Fund Management, and to an entity owned by Ant Group.

Joint investments through consortia show a cautious approach among investors, given that Singapore’s traditional banking sector already offers a well-established digital product portfolio. As per results from a survey conducted by PwC, 99% of Singapore customers said they will not shift their primary bank account to a digital bank. Moody’s research estimates that digital banks could only collectively secure around 2% to 3% of the domestic banking assets in Singapore.

In November 2021, MAS announced that it is evaluating a potential issue of digital currency for Singapore. Though this project is at a very early stage, it sets the direction for the country towards digital transformation.

Key Statistics

As per MAS, total loans of the Singapore banking sector was at SGD 1,345 billion, customer deposits were at SGD 1,645 billion and the loan-to-deposit ratio stood at 82% as of December 2021
Based on data from ADB and MAS, customer deposits grew at a CAGR of 7% between 2011 and 2021
The Singapore banking sector’s total provision coverage for NPLs was at 100% in September 2021, as per MAS

Top Singapore MNCs in Banking, Financial Services -u0026 Insurance Companies

JPMorgan Chase Bank, NA

As part of J.P. Morgan Chase, a global leader in investment banking and asset management, J.P. Morgan Singapore, established in 1964, is one of 17 offices in the Asia-Pacific region. The Singapore Corporate Centre is considered part of the firm’s global operations, network, and client service hubs, offering its full suite of services such as corporate and investment banking, commercial banking, asset management and private banking. J.P. Morgan’s client portfolio comprises local corporations, local institutions, multinationals, private clients and the government.

Deutsche Bank Aktiengesellschaft

Deutsche Bank, a leading German bank founded in 1870, commenced operations in Singapore in 1972, with a primary focus on corporate banking, investment banking, private banking and asset management. The Singapore office operates underfour divisions; Investment Banking, Corporate Banking, Private Banking and Asset Management. It provides services to corporates and individuals in the areas of financing, advisory, fixed income and currencies. Deutsche Bank’s portfolio of clients includes craftsmen, doctors, pharmacists, startups, architects and engineers as well as clients from the Consulting, Automotive and Engineering, Life Sciences, Greentech and Energy and IT and Digital Business industries.

BNP Paribas

BNP Paribas, a global financial institution founded in 1822, has been operating in the Asia-Pacific region since 1860. BNP Paribas Singapore provides Corporate and Institutional Banking, Sustainable Finance, Wealth Management, Asset Management and Securities Services solutions through strategic partnerships. Its clients include large multinationals, local and regional corporations, high-net-worth individuals and Financial Institutions. With around 2,000 employees, the Singapore arm is the Group’s hub in Southeast Asia and has also established a presence in Indonesia, Malaysia, Thailand and Vietnam.

Credit Suisse (Singapore) Limited

Credit Suisse is a leading financial services company, founded in Zurich in 1856. Its Asia Pacific division provides integrated wealth management, underwriting, financing and advisory services to entrepreneur, corporate and ultra-high-net-worth clients. As of August 2020, the company’s Global Markets, Investment Banking and Capital Markets and Asia Pacific divisions have been integrated into one division; Investment Banking. This division offers a range of financial products and services including global securities sales, trading and execution, prime brokerage, capital raising and advisory. The division’s clients include corporations, financial institutions, governments, sovereigns, pension funds, hedge funds, private individuals and financial sponsors.

Bank of America Singapore Limited

Bank of America is considered to be one of the world’s largest financial institutions, with a global presence in the USA, Europe, Middle East, Africa, Latin America, Canada and Asia Pacific. Its core offerings are financial advisory, corporate and investment banking solutions, sales and trading services. The Bank’s key services are Retirement and Benefit Plan, Global Transaction and Wholesale Credit services. It serves individuals, small and middle-market businesses, large corporations and governments. Some of the bank’s notable customers are POSCO Korea, CSAA Insurance Group, E4E Relief, Allstate, DRAX and Enel Green Power.

Barclays Bank PLC

Founded in 1690, Barclays Bank is a universal bank based in the UK, operating under two divisions; Barclays UK and Barclays International. Barclays UK consists of UK Business Banking, UK Personal Banking, and the Barclaycard Consumer UK business. UK Personal banking offers retail solutions for day-to-day banking needs, UK Business Banking provides specialist advice to SMEs and businesses, and Barclaycard Consumer UK offers credit card solutions that include flexible borrowing and payment. Barclays International consists of the Corporate Bank, Investment Bank, BarclayCard and Private Bank businesses. They serve clients worldwide with products and services that span wholesale and consumer banking.

Morgan Stanley Asia (Singapore) Pte

Morgan Stanely, a global investment bank founded in 1935, has had operations in Singapore since 1990. Its Singapore office,the hub and main office for its businesses in Southeast Asia, offers investment banking, equity and fixed income research, commodities, securities trading, derivatives, private wealth management and investment management. In addition to its Singapore office, Morgan Stanley has four other offices across the Southeast Asia region. In 2020, Morgan Stanley Singapore received these awards, among others; FinanceAsia - Investment Bank of the Year, EuroMoney - Asia’s Best Bank for Advisory, EuroMoney - Singapore’s Best Investment Bank and FinanceAsia - Equity House of the Year.

HSBC Bank (Singapore) Limited

HSBC, founded in 1865, is one of the largest banking and financial services organisations in the world, with operations in 64 countries across Europe, Asia, Middle East and Africa, North America and Latin America. Established in Singapore in 1877, HSBC Singapore provides banking and financial services that include retail banking and wealth management services such as commercial banking, investment banking, private banking, insurance services and capital markets services. HSBC Singapore is a leader in Singapore’s financial services industry, serving multinational corporations, home-grown businesses, private clients, institutions and retail customers.

Standard Chartered Bank (Singapore) Limited

Standard Chartered Bank Singapore, established in 1859, is part of the leading international banking group, Standard Chartered Bank (founded in 1853). Home to a majority of the bank’s global leadership, technology operations and SC Ventures, it offers financial and services such as private and priority, corporate and commercial, business and institutional banking services. Standard Chartered Bank has 13 branches in Singapore, including 23 ATMS, 4 Priority Banking Centres and 1 International Banking Centre. In 2021, Standard Chartered Bank Singapore received the Global Private Banking Award for Best private bank in Singapore, in addition to several other awards.

Citibank Singapore Limited

Citibank Singapore, established in1902, is considered to be the largest foreign banking employer in Singapore. It is home to client-centric strategic hubs, innovation labs and the Asia Pacific Citi Service Centre. Citibank operates under three business segments; wealth management products and services, unsecured products and secured products. Its services are focused on investments, insurance, deposits, treasury products, credit card services, personal credit services, housing loans and share financing. Citibank’s Global Consumer Banking business was launched in 2005, as a wholly-owned subsidiary of Citigroup.

Top Singapore Large Local Enterprises in Banking, Financial Services -u0026 Insurance Companies

Oversea-Chinese Banking Corporation Limited

OCBC Bank, established in Singapore in 1932, is considered to be the second largest financial services group in Southeast Asia by assets and a highly-rated global bank based on its financial strength and stability. It offers commercial banking and specialist financial wealth management services such as consumer, investment, corporate, private and transaction banking treasury, asset management, insurance and stockbroking services. OCBC Singapore’s insurance subsidiary, Great Eastern Holdings, is recognized as one of the leading insurance groups in Singapore and Malaysia, while Lion Global investors, its asset management subsidiary, is recognized as one of Southeast Asia’s largest asset management companies.

United Overseas Bank Limited

Union Overseas Bank (UOB), founded in 1935, provides financial solutions to help customers manage day-to-day needs. Its services offered include personal financial services, private banking, commercial and corporate banking, corporate finance, investment banking, capital market activities, treasury services, futures broking, venture capital management, asset management, insurance and stockbroking services. Recognized as the market leader in the private home loan and credit card business in Singapore, it is also known for providing loans to small and medium enterprises. UOB has more than 500 offices worldwide, and has established a strong footprint in Southeast Asia with its branches in Malaysia, Indonesia, China and Thailand.

DBS Bank Ltd

Founded in 1968, DBS Bank is a leading financial services provider in Singapore. With presence in 18 markets across the globe, DBS’s focus lies in leveraging digital technology to provide customers a range of services that include consumer banking, wealth management and institutional banking. It serves all customer segments within Singapore and corporate and mass affluent segments outside of Singapore. Some of the awards DBS received in 2021 are the Euromoney Awards for Excellence - World’s Best Bank, Asiamoney Banking Awards - Best Bank for CSR (Hong Kong) and Asiamoney Banking Awards - Best International Bank (Taiwan).

Singapore Exchange Limited

Singapore Exchange is coined as Asia’s leading securities and derivatives platform. It operates equity, fixed income, currency and commodity markets as well as a multi-asset sustainability platform, SGX FIRST. Singapore Exchange provides trading, listing, clearing, depository, settlement and data services, and is recognized as the most liquid international market for the benchmark equity indices of India, Japan, China and ASEAN.

Hong Leong Finance Limited

Hong Leong Finance (HLF), established in 1961, has become one of the largest finance companies in Singapore, with 28 branches in its distribution network. HLF provides financing solutions and services such as corporate loans, consumer loans, government assistance for SMEs, advisory and corporate finance. It also provides fundraising and advisory services to SMEs, supports companies in mergers and acquisitions and underwrites the sale of shares by listed companies. In order to offer the best customer experience, HLF regularly upskills staff, digitalises its processes and constantly upgrades its systems.

Phillip Capital Pte Ltd

Founded in 1975, PhillipCapital’s core services include securities broking, futures and foreign exchange, commodities, contract for difference, securities borrowing and lending, exchange traded funds, fund management, banking insurance, unit trusts, research, private equity, corporate finance, property, factoring, leasing and commercial lending. It first introduced the online trading platform POEMS (in 1996) and Contracts for a Difference (in 2003) to retail investors in Singapore. Headquartered in Singapore, PhillipCapital has over 200 branches across 15 countries, including Australia, Cambodia, China, India, Japan, Malaysia, Spain, Thailand, Vietnam and Turkey.

Lion Global Investors Limited

Lion Global Investors, established in 1986, provides fixed income, equity and multi-asset solutions and services to institutional and retail investors. Its global Curated Portfolio Solutions and thematic ETFs, focus on Singapore REITs, China technology companies and other leading corporates in China. Additionally, Lion Global offers a range of specialist investment management services that include customised segregated portfolios which cover various asset classes across a range of investment strategies. Its institutional clients comprise pension funds, insurance companies, financial institutions, government and government-linked corporations, non-profit organisations, consultants and accredited investors.

Sing Investments -u0026 Finance Limited

Incorporated in 1964 and listed on the SGX in 1983, Sing Investments -u0026 Finance Limited (SIF) offers financing solutions to individuals and corporations, including SMEs in Singapore. Its suite of products comprise Deposits, Personal Financing, Corporate/SME Financing and E-Services. SIF’s deposit options are fixed deposits, savings account, online deposits, current account and conveyancing account. Its personal financing services cover requirements such as housing, hub, car, share and commercial property loans. Its corporate/SME financing solutions include commercial property, land -u0026 construction, unsecured business and shipping loans.

Bank of Singapore Limited

Bank of Singapore, a wholly owned subsidiary of OCBC Bank, was formed in 2010. It operates on an open-architecture platform to provide first-class private banking and customised wealth planning solutions. Its customers also have access to OCBC’s full suite of commercial and investment banking solutions. Bank of Singapore’s suite of services includes asset creation and preservation, alternative investments, credit solutions, wealth planning, sustainable investing, financial intermediaries and digital services. In 2022, the bank was awarded Best Private Bank for Digital Innovation and Services (Asian Private Banker awards).

Eastspring Investments (Singapore) Limited

A subsidiary of Prudential Plc, Eastspring is a global asset manager that offers investment solutions to individual, retail and institutional clients. Eastspring provides equity, fixed income, multi asset, quantitative management solutions and alternative strategies. Additionally, it also offers Shariah-compliant solutions to its customers. Eastspring serves global customers through its joint ventures in China, India, Europe and the US. Based in Singapore, its global offices are located in the Americas, United Kingdom, Luxembourg, South Korea, China, Japan, Taiwan, Hong Kong, India, Thailand, Malaysia, Vietnam and Indonesia.

Top Singapore SMEs in Banking, Financial Services -u0026 Insurance Companies

Arisaig Partners (Asia) Pte Ltd

Arisaig, formed in 1996, is an independent investment management firm with a focus on delivering long-term returns to investors by investing in purposeful growth in emerging markets. It manages a portfolio of high growth, high quality listed businesses which are able to capture the full extent of emerging market growth. Based in Singapore, Arisaig also has offices in India and the UK.

Moolahsense Private Limited

Moolahsense is a digital lending platform based in Singapore, which connects SMEs seeking short-term business loans with potential investors looking for high-yield returns. It is devoted tosustainable financing and provides funding for pollution prevention and control, sustainable water and wastewater management, environmentally sustainable management of living natural resources and land use, eco-efficient or circular economy, clean transportation and energy efficiency.

Funding Societies Pte Ltd.

Funding Societies, established in 2015 in Singapore, is an SME digital financing and debt investment platform that specialises in short-term financing funded by individual and institutional investors. Its financing options comprise micro loans, term loans and invoice financing. Headquartered in Singapore, Funding Societies has offices in Indonesia, Malaysia, Thailand and Vietnam.

Capital Match Platform Pte. Ltd

Established in 2014 in Singapore, Capital Match is a peer-to-peer lending and invoice financing platform for SMEs. It provides affordable working capital for SMEs, allowing them to access debt financing and enabling investors to generate strong fixed-income returns. Capital Match primarily serves SMEs seeking funds and potential investors.

Pheim Asset Management (Asia) Pte Ltd

Pheim Asset Management, founded in 1995, is a fund manager in Singapore that adopts a value approach towards investments. Phem Malaysia, the initial office founded in 1994, has expertise in Islamic financing in addition to its other areas of service. Both companies specialise in investing in quoted securities of ASEAN markets and the ex-Japan region in Asia. They operate as two separate offices and run independently with separate staff, but share the same strategies, business processes and shareholders. Pheim’s clients primarily include government agencies, government-linked companies, corporations, insurance funds, unit trusts, mutual funds and high net worth individuals.

Minterest Private Limited

Minterest, founded in 2017, is a digital investment platform that provides a gateway for organisations and individuals to access financial services and investment opportunities across asset classes such as corporate financing, institutional grade-real estate and structured solutions. Minterest’s financing solutions comprise working capital, invoice financing, structured finance and commercial real estate finance solutions. Minterest Group, now known as SDAX Financial, provides digital finance solutions to international investors and clients.

Singapore Consortium Investment Management Limited

Singapore Consortium Investment Management Limited (SCIM), established in 1996, offers integrated investment management and advisory services to investors. These services cover a range of asset classes such as public and private equities, fixed income instruments, loans, derivatives, structured finance and alternative investments. With headquarters in Singapore, SCIM also has an office in Abu Dhabi.

The Global Value Investment Portfolio Management Pte Ltd

The Global Value Investment Portfolio (GVIP), incorporated in 1996, provides portfolio management services for family offices and institutions. It invests in businesses that enable eco-friendly habitats to be built based on a circular economy in areas such as renewable energy, food and agri-tech, clean resources and healthcare. GVIP’s investment portfolio includes companies such as Industrial Microbes, HomeBiogas, Sensel, Imprint Energy, Ceribell and H.Glass.

SG Cash Pte Ltd

SG Cash is a corporate lending company that provides short-term financing solutions bridging facilities to SMEs in Singapore. Its product range includes SME Growth Package,, SME Flexi Package, Entrepreneur Growth Package, Sales Invoicing, Share Financing and Pre-IPO Financing.

Credit International (Pte) Ltd

Credit International, founded in 1972, is a private Monetary Intermediation firm that offers an open architecture product platform to deliver customised risk-based solutions to clients. Its services include small and medium-sized enterprises lending, corporate lending, equity funding, personal lending and intellectual property and business grants. Its enterprise loan solutions include loans to refinance debt, acquire equipment, purchase an existing business, obtain working capital and buy commercial real estate. Credit International’s equity financing portfolio covers venture capital, private equity and angel investing.

Top Singapore Fastest growing companies in Banking, Financial Services -u0026 Insurance Companies

Redpeak Advisers Pte Ltd

Redpeak provides corporate finance advisory services to telecommunications, media and technology companies. Its key focus areas for advisory are mergers and acquisitions, private capital markets and IPO preparations. In addition to this, Redpeak also assists startups by providing a financial review of their business plans and introductions to venture capital investors. Redpeak’s technology portfolio comprises data centres, fibre, network operators, satellites and telecom towers. Its technology portfolio includes E-commerce, E-logistics, Fintech/Insurtech, Healthtech/Edutech, Software/SaaS, while its media portfolio consists of digital media, online classifieds and traditional media.

Pheim Asset Management (Asia) Pte Ltd

Singapore Consortium Investment Management Limited

Nomura Singapore Limited

Nomura Singapore, incorporated in 1972, provides a full range of financial services to institutional and private clients. It is supported by two sister companies; Nomura Securities and Nomura Futures. Nomura Singapore’s services include Securities Brokerage, Research, Fixed Income, Private Client, Proprietary Trading and Investment Banking.

Aareal Bank Asia Limited

Aareal Bank, a business segment of its parent company Aareal Bank AG, provides customised and flexible financing solutions for the real estate industry. Based in Germany, the Group’s business segments comprise Structured Property Financing, Banking -u0026 Digital Solutions and Aareon. Aareal Bank facilitates property investments for domestic and international clients in North America, Asia Pacific and Europe, while the Banking -u0026 Digital Solutions segment services clients in the housing and commercial property, and energy and waste disposal industries. Its third segment, comprising its subsidiary Aareon and its partners, provides ERP software and digital solutions for the property industry in Europe.

Standard Chartered Bank (Singapore) Limited

Minterest Private Limited

Toronto Dominion (South East Asia) Limited

Toronto Dominion Bank Group, founded in 1855, is a leading financial services company that provides financial solutions to individual customers and businesses across the globe. It is recognised as a premier Canadian retail bank and a leading U.S retail bank. Its services offered cover personal banking, small business banking, commercial banking and investments.

Bordier -u0026 Cie (Singapore) Ltd

Bordier Singapore, founded in 1844, provides a full spectrum of traditional private banking and wealth management services, traditional advisory and discretionary managed portfolios, investment products, real estate banking, credit and investment banking that include safes and precious metals storage facilities. The company is product agnostic, and operates on an open source architecture platform that allows it to offer customers diversified and bespoke solutions. Headquartered in Singapore, Bordier Singapore has offices in France, Switzerland, Turks and Caicos, Uruguay and the United Kingdom.

Lombard Odier (Singapore) Ltd

Lombard Odier, founded in 1796, is a global provider ofbespoke private banking, asset management and investment solutions. Its services are offered primarily to private clients and external asset management. Based in Switzerland, Lombard has 25 offices worldwide in countries such as UAE, Hong Kong, South Africa, the UK, Singapore, Brazil, Japan, Spain and France.

By Gerald Bong

Published on 07 August 2023

Other Listicles

Top Consumer Services Companies in New-Zealand

Top Laboratory Companies in Philippines

Top Media Companies in Thailand

Top Publicly Listed Companies in Singapore

Top Secondary School Companies in Australia

Top Business Process Management Companies in Malaysia

Top Alcoholic Beverages Companies in Thailand

Top Software And App Development Companies in New-Zealand

Top Photography Companies in Philippines

Top International Schools Companies in Malaysia