As a successful individual or business owner, you would be constantly on the lookout for ways to further grow your wealth beyond the markets you have come to be familiar with.
The Southeast Asia region continues to shine for being one of the most dynamic economic growth areas in the world. The opportunities it offers make the region an attractive destination for businesses expansion or personal wealth management.
But venturing into the unfamiliar requires more than a leap of faith. It takes a keen understanding of markets, an appreciation of rapidly changing trends, knowledge of local practices or regulation and a strong network of partners, among others.
With the support of OCBC Group's entrenched network presence in the region and industry experience gleaned from being on the ground for decades, OCBC Wing Hang helps you navigate the intricacies of a new market. As you look beyond the shores of Hong Kong and Macau to Southeast Asia or the world, OCBC group's financial advisory capabilities can provide you with the right advice to expand and invest in the right products, in the right markets.
As an OCBC Wing Hang customer, you will have access to OCBC Bank's extensive network across its core markets of Singapore, Malaysia, Indonesia as well as across its international footprint that includes key global cities such as Sydney, London and New York.
The comprehensive business banking products and services we offer span the range of loans, treasury, trade and cash management solutions, addressing both your domestic and international needs.
Our established local branch presence, the relationships we have built and the intimate knowledge we have of each market, will enable your business to succeed wherever you take it. You can be assured of a banking partner that offers both financial solutions as well as relevant and tailored financial advisory given the local insight and industry expertise we offer.
OCBC Bank's accolades in business banking in 2014 include:
A primary challenge of any business expanding overseas is the difficulty in navigating the regulatory environment and nuances of business culture unique to each market. OCBC Bank will help you overcome these hurdles by delivering local market know-how and access, combined with a single relationship view across markets.
Beyond meeting your financing needs, we provide business advisory support that includes helping you establish the necessary connections with government bodies, local business associations and other companies. As an example, we have taken clients on trade missions to Iskandar Malaysia in 2011 and 2013; and to Myanmar in 2012.
Additionally, given our established local branch presence in markets, we are able to leverage our strong local customer base and partners to recommend potential partners, vendors and suppliers to clients, helping you build relationships and put your business on track faster.
For larger corporates, our relationship managers are organised into specialised industry teams so that we can leverage on our industry-specific knowledge and insight to better serve the unique requirements of our customers. Our industry specialists, equipped with industry expertise and trade knowledge, will be able to handle your end-to-end value chain requirements.
From traditional credit facilities to more sophisticated fund raising in the debt and equity markets, our team of dedicated relationship managers and product specialists will work together with you to develop the most appropriate financing and capital raising solutions for your business.
As your business spreads its wings, it has to be supported by products and services that will address both its in-market and international needs.
OCBC Bank offers the full range of business banking products and services from credit facilities - including working capital loans and the financing of asset purchase, commercial properties or heavy equipment - to cash management services, to more sophisticated arrangements including payments, collections, liquidity management, electronic channels and trade finance. In order to help you manage your finances effectively, we will work with you to come up with custom-fit working capital solutions.
Our customised corporate solutions span a broad range of industries including construction, electronics, logistics, real estate, food and beverage as well as oil & gas, telecomms media technology, shipping & marine, our areas of demonstrated expertise.
In addition, we recently set up the Global Commodities Finance team in response to the rapidly growing commodities market segment in Asia over the last few years, particularly, with the emergence of China and India as commodities consuming economies. The focus of the team will be on energy, metals and soft commodities for a start.
OCBC Bank's strong regional network across its core markets of Singapore, Malaysia and Indonesia, the in-depth market knowledge it offers and the dedicated regional teams it employs to support you, will greatly facilitate your business expansion.
You will enjoy a single relationship view across the various markets your business is present in, providing you with a consistent and seamless experience across our regional network. As our network customer, you will able to open working accounts or obtain funding from our overseas branches with ease – of benefit in particular, if your business is entering a new market for the first time.
In Singapore, OCBC Bank is a leading SME bank, having banking relationships with over 40% of SMEs in the country. In the emerging business segment, it is also the market leader, with more than 50% of new businesses banking with us. Singapore is also often viewed by companies as a regional hub where they can link-up with other companies to enter new markets in the region. We will also assist you should you choose to set up base in Singapore.
In Malaysia, OCBC is present in key locations such as Kuala Lumpur, Petaling Jaya, Penang, Johor Bahru, Ipoh, Melaka, Sereman, Kuantan, Kuching, Kota Kinabalu and others through its network of 31 conventional and 10 Islamic bank branches. OCBC Malaysia is, in particular, strong in the areas of Oil & Gas, Plantation (specialising in Palm Oil), Real Estate and Contract Finance. It owns industry specialists with the capability to assess and understand the requirements of the end-to-end value chain of each industry.
Indonesia, with its rich natural resources and burgeoning middle class, offers manifold opportunities across industries such as oil and gas, food and beverage, automotive, logistics and pharmaceuticals, among others. Through OCBC Group subsidiary OCBC NISP, SME and corporate clients have access to a strong local branch network consisting more than 330 branches across 59 cities including key ones such as Jakarta, Bandung, Surabaya, Medan, Batam, Palembang and Makassar.
OCBC Bank is also present in major global cities around the world, supporting your internalisation drive. In real estate for instance, OCBC supports developers with property loans in two increasingly popular investment destinations - London and Australia – across residential, commercial and hospitality projects.
Through OCBC Bank's subsidiary Bank of Singapore, you will have access to global wealth products specially handpicked across different asset classes, including bonds, equities, funds and alternative investments.
Our private banking specialists will help you manage and grow your wealth, whether you rely on our advisory services to manage your investment portfolio or entrust your investment decisions to our team of professional portfolio managers. As Asia's global private bank, our unique proposition rests on our ability to support the needs of high net worth individuals with our global network and offerings, paired with our strong Asian heritage and deep understanding of the region's complexities and cultures.
Bank of Singapore's assets under management (AUM), as at 30 June 2014, have grown to US$51 billion, up 14% year-on-year and more than twice the US$22 billion recorded when it started operations in January 2010.
The accolades it has received include:
Research forms the cornerstone of the process by which Bank of Singapore recommends securities or strategies, and manages client portfolios. Specialised research teams form our macroeconomic views and underpin our advice on bonds, equities, funds and alternative investments. The teams are made up of professionals with extensive institutional research backgrounds. To offer clients a wider breadth of analysis, we also leverage on third party industry leaders.
The private banker that serves you has been carefully scrutinised and selected for possessing the right attributes such as strong financial literacy, sound investment and risk management knowledge, good client advisory and management skills as well as qualities of integrity and adaptability. Bank of Singapore now has close to 300 relationship managers of various nationalities serving clients globally, almost double the number it had when it started in January 2010.
In managing your portfolio, you also have the option of making your own investment decisions armed with our advisory services, or entrusting this to our team of professional portfolio managers. Bank of Singapore offers a suite of eight discretionary portfolios tailored across a range of clients' risk profiles. These portfolios are actively managed to capture opportunities and mitigate risks in a fast-paced financial market.
Bank of Singapore has a higher-than-industry share of the discretionary portfolio management (DPM) business and has seen success in developing discretionary products and funds solutions, which contribute over 11% to its overall AUM. In 2013, the Bank's DPM AUM achieved 41% growth with a total inflow of US$1.2 billion. DPM growth and equity mandates gained from overweight positioning in developed market equities, achieving strong year-to-date returns ranging from 9% to 17%.
Bank of Singapore's open-architecture platform allows it to tap on a global network of brokers and counterparties to seek out the best products and solutions for clients. Operating independently of its parent company, Bank of Singapore recommends OCBC products only if these meet clients' investment objectives.
Our suite of wealth management products offered spans fixed income, equities, funds and alternative investments, foreign exchange and derivatives and structured products, with experienced investment professionals specialising in each asset class.
As a pure play private bank, Bank of Singapore is also able to react faster to market changes and is not exposed to the risks and sales pressure relating to investment banking.
To ensure there is no conflict of interest, it also does not run proprietary positions in the market, believing it has a fiduciary duty to clients to source for the best-of-breed products, at the best price and to give unbiased advice, to our clients.
Clients can be assured of reliable investment views and wealth solutions, supported by sound research and rationale. As a result, we are able to deliver superior investment returns and a corresponding growth in our clients' portfolios.
Beyond growing your wealth, Bank of Singapore offers wealth planning services to help you preserve the wealth you have accumulated, leaving a legacy lasting generations. Depending on where you or your beneficiaries live and the countries in which your assets are located, your wealth planning options may include trusts, private investment companies, private fund structuring, civil law foundations or universal life insurance.
Your long-term goals and risk profile determine the allocation of your assets, whether they be in emerging or international markets, in particular sectors or in specific asset classes. Bank of Singapore, through its offices in Singapore, Dubai, Hong Kong and the Philippines, will actively manage your portfolio and monitor risks.
To broaden the wealth opportunities availed to you, we actively work with more than 60 global and regional fund managers and source from more than 80 counter parties for trade advisory products. We are also able to onboard and custodise over 100,000 offshore funds via international third party placing agents.
Coupled with the insights provided by our specialised research teams on global macroeconomic themes and individual assets classes, you can make investment decisions on where and how to grow your wealth with confidence.
OCBC Bank was formed in 1932 following the merger of three Singapore banks, the oldest of which - Chinese Commercial Bank Limited – was established in 1912. Today, it is a diversified universal financial services enterprise, with strong capabilities in commercial banking, insurance, investment banking, private banking, stockbroking and asset management.
Over the years, OCBC Bank has grown organically as well as through strategic investments to become the second largest financial services group in South East Asia by assets.
OCBC Bank is Singapore's longest-established bank. It offers a full range of financial products and services, with a dominant presence in both the consumer and business banking segments in its home market. It is also the market leader in bancassurance, and ranks among the top players in unit trust distribution, home loans, personal credit, small- and medium-sized enterprises market and the Singapore Dollar capital market.
OCBC Bank was the first Singapore-based financial institution to embrace the wave of consolidation in the banking sector in the early 2000s, integrating with Keppel TatLee Bank in 2002. Its majority stake in Great Eastern Holdings, which began as an associate company in 1958, has made OCBC Bank the market leader in bancassurance for 13 consecutive years. Lion Global Investors, formed through the merger of OCBC Asset Management and Straits Lion Asset Management in 2005, is currently one of the largest private sector asset management companies in South East Asia. And in 2010, its acquisition of ING Asia Private Bank – now renamed Bank of Singapore – further strengthened OCBC Bank's position as a leading wealth management player in Asia.
Beyond Singapore's shores, OCBC Bank expanded its footprint over time to include its other core markets of Malaysia, Indonesia and Greater China. With the successful acquisition of Wing Hang Bank, OCBC Bank's international network now comprises over 630 branches and representative offices across 18 countries and territories including New York, London, Sydney, Hong Kong, Taipei, Myanmar and Ho Chi Minh, among others. OCBC Bank has about 30,000 employees in total.
Since its incorporation in 1994, OCBC Bank (Malaysia) Berhad ("OCBC Malaysia") has grown to become one of Malaysia's largest foreign banks by total assets and non-bank loans. Its Islamic banking subsidiary, OCBC Al-Amin Bank Berhad ("OCBC Al-Amin"), was the first Singapore-based Islamic Bank established in Malaysia in 2008. OCBC Malaysia's network now comprises 41 banking branches, of which 10 are Islamic Banking branches.
In 2004, OCBC Bank acquired a 22.5 per cent stake in PT Bank NISP Tbk ("Bank NISP"), increasing its shareholding over time and renaming Bank NISP to Bank OCBC NISP in 2008. Currently the country's seventh largest private sector national bank with a network of 337 branches and offices as at end June 2014, Bank OCBC NISP offers a broad range of consumer, wealth management and business banking services, with a focus on the Small and Medium Enterprises (SME) segment.
In 2012, OCBC Bank acquired an 80 per cent stake in Indonesian brokerage firm, PT TransAsia Securities. Now renamed PT OCBC Sekuritas Indonesia, it offers stockbroking as well as equity and debt financing solutions.
OCBC Bank's presence in China dates back to 1925 with the opening of its Xiamen branch. In 2007, OCBC Bank locally incorporated OCBC China, marking a new growth phase in its long and uninterrupted history there. In September 2013, OCBC China unveiled its RMB1 billion corporate office in Shanghai’s Pudong district, making it the first fully-owned subsidiary of a Singapore bank to own and operate a headquarters building in China.
With the successful acquisition of Wing Hang Bank and its subsidiaries in July 2014, OCBC Bank now has an enlarged Greater China platform comprising a total of 120 branches and offices spanning Hong Kong, Macau, China and Taiwan. Within China, OCBC Bank's network has increased from 16 banking branches and sub-branches to 31. Of particular significance is its expanded presence in the Pearl River Delta region, one of China's main hubs of economic growth.
OCBC Bank is also the first Singapore bank to make a strategic investment in a Chinese bank, when it acquired a 12.2 per cent stake in Bank of Ningbo in 2006. Its shareholding is expected to increase to 20 per cent from the current 15.34 per cent upon the completion of its subscription to Bank of Ningbo's latest rights issuance.
OCBC Bank is a leading bank with a strong and well-entrenched position in its home market of Singapore with 56 branches.
In retail banking, it is widely recognised for offering differentiated and innovative solutions that are relevant to customers' needs. These include being the first bank in the country to offer full service Sunday banking and the introduction of a programme specially designed for youths and young working adults called FRANK by OCBC. OCBC Bank is also a leading wealth management player across customer segments from retail banking to the affluent and high net worth individuals, taking the pole position in the bancassurance business for the past 13 years.
In the business banking space, it is a leading bank for large corporates and small and medium-sized business segment, supporting them in their growth with relevant financial products and services and sound financial advice. In Investment Banking, it is a leading player in syndicated loans and ranked among the top three underwriters in the Bloomberg 2013 league table for Singapore dollar bonds.
Bank of Singapore, Asia's global private bank, operates as a dedicated private banking subsidiary with its headquarters in Singapore. It adopts a global private banking approach with a unique open-architecture product platform to provide truly independent advice. Besides a wide range of private banking services for discretionary, advisory and trading-oriented investors, Bank of Singapore offers proprietary research in various key areas that include economics; global fixed income; global equities; and foreign exchange, estate planning services as well as insurance solutions.
At the same time, Bank of Singapore offers a wide range of commercial and business banking solutions and services such as mortgage financing and corporate finance, through OCBC Bank. Rated Aa1 with a stable outlook by Moody's, Bank of Singapore's assets under management, as at 30 June 2014, have grown to US$51 billion, up 14% year-on-year and more than twice the US$22 billion recorded when it started operations in January 2010.
It currently has a total staff strength of more than 1,000 staff worldwide that includes close to 300 private bankers serving global clients in its key markets of South East Asia, Greater China, Singapore, Philippines, India Sub-Continent and other international markets via its main headquarters in Singapore, its branch in Hong Kong as well as its representative offices in Manila and Dubai.
OCBC Bank's insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. With S$60.9 billion in assets and around four million policyholders, it has three successful distribution channels - a tied agency force, bancassurance, and a financial advisory firm, Great Eastern Financial Advisers. The Group also operates in Indonesia, Vietnam, Brunei and China. It was named Life Insurance Company of the Year at the Asia Insurance Industry Awards in 2011 and 2013 by Asia Insurance Review. The Great Eastern Life Assurance Company Limited has been assigned the financial strength and counterparty credit ratings of "AA-" by Standard and Poor's since 2010, one of the highest among Asian life insurance companies.
OCBC Bank's wholly-owned subsidiary OCBC Securities Pte Ltd was established in 1986 and is one of the leading securities and futures broking firms in Singapore providing full brokerage services for securities, derivatives and leveraged foreign exchange trading. A member of the Singapore Exchange Securities Trading Limited (SGX-ST) and the Singapore Exchange Derivatives Trading Limited (SGX-DT), OCBC Securities is mandated to provide the best electronic platform for its retail and institutional customers to execute trades in listed products, futures and foreign exchange contracts in the most efficient way using technology. Its customers can trade both locally and globally with its extensive network of connectivity.
In Indonesia, stockbroking services are offered through PT OCBC Sekuritas Indonesia.
OCBC Bank's asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in South East Asia. Its core competency is in managing Asian equities and fixed income on behalf of institutional and retail investors worldwide. As at end 2013, the company managed about US$24.4 billion on behalf of its clients globally.
OCBC Bank is today one of the most highly-rated banks globally, with an Aa1 rating from Moody's. Among the many industry accolades that OCBC Bank has received include:
For more information about OCBC Bank, please visit www.ocbc.com.