Bank of Singapore and Edelweiss Group tie up to capture the Indian wealth opportunity

The partnership would provide clients of both entities to access to their respective product platforms.

Bank of Singapore has forged a strategic partnership with finance services group Edelweiss Group in a development that will provide clients of both parties to access the other's respective platforms.

Also read: Asian private banking assets hit $2.01t in 2017 

Clients can also gain access to Bank of Singapore’s global investment platform and Edelweiss’ wealth solutions.

“This partnership represents a milestone in our business strategy to tap into India’s growth. As Asia’s global private bank, we are well placed to be the gateway to the global financial markets for Indian entrepreneurs by providing them with suitable solutions to diversify their investments,” said Bahren Shaari, CEO of Bank of Singapore.

Specifically, non-resident Indian (NRI) clients can avail of a wider range of investment opportunities in the Indian market where personal wealth is projected to top US$5t (SGD convert) by 2022.

“Our combined network, business knowledge, and decades of on ground experience in the financial services space will act as catalysts to our joint ambition of providing the best in class solutions to our collective clientele,” said Rashesh Shah, chairman and CEO of Edelweiss Group.