clariden-opens-in-singapore

Clariden opens in Singapore

Urs Brutsch, Clariden''s managing director for Asia, talks about the private bank''s new branch license in Singapore.

What is the background to your applying for this license in Singapore

Brutsch The bank has made a five year plan and it wants to grow assets under management. It was quite obvious to management that a substantial part of that growth would have to come from Asia. The logical consequence of that was to open a branch in Asia and it was also logical to choose Singapore - since it has the most compelling environment as a booking centre in the region. We made the decision a year ago.

Why was Singapore chosen over Hong Kong

Singapore is a good environment for...

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