As part of the bank’s ultra-high net worth (UNHW) Bespoke Investments team, Kelvin Teo will avail unique and exclusive investment opportunities to UHNW clients in Greater China and North Asia.
These opportunities, which have been gaining in traction among this segment of clients, include direct investment opportunities in regional unicorns and decacorns, and bespoke solutions in the areas of buyout funds and real estate-related financial instruments.
Each Bank of Singapore ultra-high net worth client has investable assets of at least US$30 million with the firm.
Photo Caption: Kelvin Teo, Head of Bespoke Investments for Greater China and North Asia, Bank of Singapore.
Based in Hong Kong, Teo reports locally to Derrick Tan, Chief Executive, Bank of Singapore’s Hong Kong Branch and Global Market Head for Greater China and North Asia; and functionally to Carolyn Tham, Global Head of UHNW Bespoke Investments, who is based in Singapore.
Speaking on the appointment, Tan said: “We have seen an increase in demand for sophisticated product offerings and financial solutions among ultra-high net worth clients. To serve this demand, we are dedicated to growing a strong team to provide tailor made wealth management solutions to match our clients’ sophisticated level of investment needs.
“We are pleased to have Kelvin on board to lead these efforts in Hong Kong, focused on our ultra-high net worth clients. His extensive experience and leadership qualities will lend strength to our team as we continue to grow and deepen our market share in the Greater China region and enhance the quality of our services to our clients.”
Meanwhile, Bank of Singapore’s asset under management (AUM) was US$111 billion, 9% higher than a year ago as of 30 June 2019.