Edelweiss ties up with Bank of Singapore to capitalise on India’s wealth opportunity
Mumbai (Maharashtra) [India], Feb 14 (ANI): Edelweiss Group and Bank of Singapore signed a memorandum of understanding to form a strategic partnership to provide clients of both entities an opportunity to access their respective product platforms.
ANI
Feb 14, 2019 15:12 IST
Mumbai (Maharashtra) [India], Feb 14 (ANI): Edelweiss Group and Bank of Singapore signed a memorandum of understanding to form a strategic partnership to provide clients of both entities an opportunity to access their respective product platforms.
The partnership will allow Bank of Singapore to significantly raise its profile in one of Asia’s fastest growing wealth markets through one of India’s largest industry players.
India’s total personal wealth is expected to top 5 trillion dollars by 2022, according to Boston Consulting Group.
This partnership also offers Edelweiss’s clients the opportunity to access Bank of Singapore’s product platform, creating a powerful global investment proposition.
Rashesh Shah, Chairman and CEO of Edelweiss Group said: "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.”
Bahren Shaari, Chief Executive Officer of Bank of Singapore, said: “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 global financial markets for Indian entrepreneurs by providing them with suitable solutions to diversify their investments.” (ANI)
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