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Banking & Financial Accounts

Singapore Private Banking Introduction

Singapore

Introduction to suitable private banking providers for eligible high-net-worth and ultra-high-net-worth clients with substantial investable assets.

Singapore is an established private-banking and wealth-management centre used by internationally mobile families, entrepreneurs and investors. Private banking can bring together day-to-day banking, international payments and access to a wider range of wealth services through a dedicated relationship.

Coutts Consultants can make introductions to suitable third-party private banking providers where the client's profile and level of investable assets appear to meet the provider's current requirements. We do not provide investment advice or manage the client's money.

Who private banking is for

Private banking is intended for clients with substantial investable assets and more complex banking or wealth-management needs than a normal personal account.

Each bank sets its own minimum relationship size and eligibility rules, so these are checked before an introduction is made.

A relationship rather than just an account

Private banking can include a dedicated relationship manager and access to banking, foreign exchange, lending and investment services offered by the bank.

The exact services depend on the institution and the client's circumstances. Coutts Consultants does not recommend or advise on investments as part of this introduction service.

International families and entrepreneurs

Private banks commonly work with clients whose assets, businesses and family interests span several countries. This can make ownership, source of wealth and tax residence important parts of onboarding.

We help organise the background information needed for the introduction, while the bank carries out its own KYC, suitability and regulatory checks.

How Coutts Consultants can help

We discuss the type of private banking relationship sought, review the client's broad profile and make an introduction where a suitable current provider route is available.

The private bank decides whether to accept the client and is solely responsible for any banking, lending or investment products it later offers.

Service details

Why choose Coutts Consultants

Coutts Consultants acts only as an introducer to third-party private banks for eligible high-net-worth clients. Coutts does not provide investment advice or discretionary wealth management.

What is included

  • Private banking needs discussion
  • Provider eligibility review
  • Client background preparation
  • Private bank introduction
  • Onboarding coordination

Benefits

  • Access to suitable private banking relationships
  • Provider matched to client profile
  • Support preparing source-of-wealth information
  • Clear separation between introduction and investment advice

Requirements

  • Substantial investable assets
  • Transparent source of wealth and funds
  • Complete identity and tax-residence information
  • Provider eligibility
  • Successful bank onboarding

Documents required

  • Identity/address evidence
  • Source-of-wealth information
  • Asset/investment overview
  • Tax-residence information
  • Business or ownership information where relevant

How it works

  1. 01Discuss private banking needs
  2. 02Review broad eligibility
  3. 03Prepare client background information
  4. 04Identify suitable private bank
  5. 05Make introduction
  6. 06Assist with onboarding information

Timescale

Timing depends on the private bank, asset profile and complexity of the client's circumstances.

Related knowledge & guidance

Ready when you are

Ready to discuss your international business requirements?

Tell us what you are looking to achieve and we will help you identify the appropriate jurisdiction, structure or service.