Top 10 Private Banks in Singapore (2025)

Explore the Top 10 Private Banks in Singapore, where global financial powerhouses and homegrown leaders deliver personalized wealth management, cross-border solutions, and exclusive investment access for HNW and UHNW clients seeking trusted banking relationships in Asia’s premier private-banking hub.

1. Local champions: DBS Private Bank; Bank of Singapore (OCBC).
2. Global giants: UBS, HSBC Global Private Banking, J.P. Morgan PB, Morgan Stanley PWM, Goldman Sachs PWM. Boutique/Europe specialists: Julius Baer, BNP Paribas WM, LGT Private Banking.
3. Why private banks matter in Singapore (1 line): Bespoke advice, cross-border banking, lending against assets, and access to alternatives for HNW/UHNW clients.
4. Largest private bank in Singapore (1 line): UBS — biggest AUM presence and deep Singapore booking-centre capacity.
5. Best private bank in Singapore (1 line): DBS Private Bank — award-winning digital, strong local ecosystem, and family-office solutions.

Here is a current, research-backed list of the top private banks in Singapore (no particular order): UBS Global Wealth Management, HSBC Global Private Banking, DBS Private Bank, J.P. Morgan Private Bank, Morgan Stanley Private Wealth Management, Julius Baer, Bank of Singapore, Goldman Sachs Private Wealth Management, BNP Paribas Wealth Management, and LGT Private Banking.

 We verified each via official websites and investor materials, then cross-checked trusted industry sources. Criteria included Asia/global AUM, Singapore booking-centre strength, brand trust and awards (e.g., Euromoney), digital capabilities, parent market cap, and local office footprint.

Top 10 Private Banks Operating in Singapore

Bank name	Year of establishment	Number of branches (Singapore)	Headquarters (global)
UBS Global Wealth Management	1862	1 (Singapore branch/booking centre)	Zürich
HSBC Global Private Banking	1865	9 (HSBC SG branches)	London
DBS Private Bank	1968	20+ (DBS/DBS Treasures & POSB network separate)	Singapore
J.P. Morgan Private Bank	1799	1 (Singapore office)	New York
Morgan Stanley Private Wealth Management	1935	1 (SEA HQ in Singapore)	New York
Julius Baer	1890	1 (Singapore branch)	Zürich
Bank of Singapore (OCBC)	2010 (as BOS)	1 (private bank HQ in SG)	Singapore
Goldman Sachs Private Wealth Management	1869	1 (Singapore office)	New York
BNP Paribas Wealth Management	1872	1 (Wealth Mgmt branch)	Paris
LGT Private Banking	1920	1 (LGT Bank Singapore Ltd.)	Vaduz

Sources: UBS SG location; HSBC SG branch list; Julius Baer Singapore; LGT Singapore; BNP WM SG; BOS overview; DBS locator and disclosures; 

List of Top 10 Private Banks in Singapore

For each bank, we show: Year • Listing / code • Market cap (parent, latest available) • Branches & ATMs (SG), then a quick, friendly summary.

1) UBS Global Wealth Management

• Established: 1862
  
• Codes: SIX/NYSE: UBS
  
• Market cap: ~US$128.7B (Oct 2025, parent UBS Group AG)
  
• SG footprint: Singapore private-bank branch/booking centre
  UBS is a scale leader in Asian private banking with deep advisory benches and open-architecture platforms. It’s known for global access, alternatives, and family-office coverage. Clients choose UBS for international reach, CIO research, and multi-booking flexibility.
  

2) HSBC Global Private Banking

• Established: 1865
  
• Codes: LSE: HSBA / NYSE: HSBC
  
• Market cap: ~US$241–249B (late Sep–Oct 2025)
  
• SG footprint: ~9 retail branches; PB booking centre in SG
  HSBC PB connects Asia and the West, offering lending against diversified portfolios, discretionary mandates, and next-gen planning. It’s popular with globally mobile families and entrepreneurs who value cross-border solutions and a large network.
  

3) DBS Private Bank

• Established: 1968
  
• Codes: SGX: D05
  
• Market cap: ~US$111B (Sep 2025, parent DBS Group)
  
• SG footprint: 20+ DBS branches (POSB network larger); PB HQ in SG
  DBS is the home-grown champion and 2025 Best Private Bank (Singapore) by Euromoney. Strong in digital, CIO views on Asia, and its DBS MFO Foundry VCC for family offices. Chosen for stability, convenience, and deep local ecosystem.
  

4) J.P. Morgan Private Bank

• Established: 1799
  
• Codes: NYSE: JPM
  
• Market cap: ~US$846B (Oct 2025)
  
• SG footprint: Singapore office/booking centre
  JPM serves UHNW families with global alternatives, PE/VC access, and institutional-grade custody. Favoured by founders and multi-jurisdiction families seeking deep US/Europe access and sophisticated credit.
  

5) Morgan Stanley Private Wealth Management

• Established: 1935
  
• Codes: NYSE: MS
  
• Market cap: ~US$251B (Sep–Oct 2025)
  
• SG footprint: SEA headquarters in Singapore
  Strong in discretionary/mandates, structured solutions and capital markets. Clients like the research depth and integrated investment bank access—especially for liquidity events and pre-IPO planning.
  

6) Julius Baer

• Established: 1890
  
• Codes: SIX: BAER
  
• Market cap: ~US$14B (Oct 2025)
  
• SG footprint: Singapore branch at Marina One
  Swiss pure-play wealth manager with bespoke mandates and a strong DPM franchise. Chosen for its boutique feel, Swiss custody, and long heritage in wealth.
  

7) Bank of Singapore (OCBC Group)

• Established: 2010 (as Bank of Singapore)
  
• Codes (parent): SGX: O39 (OCBC)
  
• Market cap (parent OCBC): ~US$57B (Sep 2025)
  
• SG footprint: Private bank HQ in Singapore
  BOS is OCBC’s private bank—Singapore-registered with strong credit ratings via parent. Known for Asian families coverage, open-architecture products, and safety from an AA-rated group.
  

8) Goldman Sachs Private Wealth Management

• Established: 1869
  
• Codes: NYSE: GS
  
• Market cap: ~US$238–240B (Oct 2025)
  
• SG footprint: Singapore office/booking centre
  GS PWM is synonymous with UHNW advisory, alternatives, and direct deals. Chosen by sophisticated investors seeking institutional access and global opportunities.
  

9) BNP Paribas Wealth Management

• Established: 1872
  
• Codes: Euronext Paris: BNP
  
• Market cap: ~US$102B (Oct 2025)
  
• SG footprint: Wealth Management branch at 20 Collyer Quay
  European strength with Asian connectivity, strong DPM/fund selection awards, and estate/succession planning depth. Favoured by Europe-Asia families and corporate principals.
  

10) LGT Private Banking

• Established: 1920
  
• Codes: Private (not listed)
  
• Market cap: n/a; AUM CHF 316B (group, 2023 YE)
  
• SG footprint: LGT Bank (Singapore) Ltd., Centennial Tower
  Family-owned (Liechtenstein), with strong alternatives/private-markets access through LGT Capital Partners. Clients choose LGT for stability, alignment, and specialist private-markets expertise.

Why private banks matter in Singapore: Private bank vs public bank 

Private banks serve affluent/HNW clients with bespoke portfolios, lending, wealth structuring, and access to alternatives—often through a dedicated relationship team and CIO research. Public/retail banks focus on mass/affluent segments, standard products, and branch-led service. In Singapore’s global wealth hub—home to ~2,000 single-family offices in 2024—private banks power cross-border planning, tax-aware investing, and intergenerational transfer needs that traditional retail set-ups don’t cover as deeply.

Private vs Public: quick comparison

Feature	Private Bank	Public/Retail Bank
Target client	HNW/UHNW	Mass retail/Affluent
Services	Discretionary, alternatives, lending against assets, family-office	Deposits, cards, loans, basic investments
Pricing	Relationship/AUM-based	Product/fee-based
Research & access	Global CIO, deals, PE/hedge funds	Standard funds/ETFs
Onboarding	Higher AUM minimums	Low/none

Largest private bank in Singapore (by AUM presence)

UBS Global Wealth Management is widely regarded as the largest private bank presence in Singapore by AUM, given its dominant Asia franchise and long-standing booking-centre capacity. Independent industry roundups place UBS at #1, and Euromoney’s global awards frequently recognise UBS leadership. Our choice weighs AUM scale, regional coverage, and breadth of advisory, trading and alternatives available from Singapore. 

Best private bank in Singapore (editor’s pick)

DBS Private Bank – For Singapore-based HNW families and entrepreneurs, DBS stands out for award-winning private banking, strong digital, and seamless links to local corporate/retail ecosystems. The bank was named Best Private Bank (Singapore) and Asia’s Best Private Bank 2025 by Euromoney, and has innovated with its DBS MFO Foundry VCC for family offices. We weighed service depth, client experience, awards, and local execution. 

Tips for choosing the right private bank (pick by need)

• Students / young professionals (emerging wealth): Consider DBS Treasures Private Client (S$1.5m) as a stepping stone; strong digital and local ecosystem.
  
• New to Singapore / foreigners: HSBC GPB or UBS for cross-border onboarding, multicurrency, and global booking centres.
  
• Business owners planning exits: Goldman Sachs or J.P. Morgan for capital-markets connectivity and alternatives access.
  
• Family offices / complex structures: DBS Private Bank (MFO Foundry VCC) or UBS
  
• Private-markets enthusiasts: LGT Private Banking (via LGT Capital Partners) or Morgan Stanley for curated alternatives and DPM depth.
  

Frequently Asked Questions on Private Banks in Singapore

What are the “Big 3” banks in Singapore?

DBS, OCBC, and UOB are the three major local banks. 

What is the minimum amount for private banking in Singapore?

Varies by bank. Examples: DBS Private Bank – USD 5 million (from 1 Jan 2026); DBS Treasures Private Client – S$1.5m; HSBC Private Bank – ~£1.5m. Private banks may adjust thresholds over time. 

Which bank is safest in Singapore?

Safety is multifactorial (capital, liquidity, supervision). The big three—DBS, OCBC, UOB—carry high AA- range ratings from agencies like Fitch/S&P. Always review current ratings and disclosures. 

How much money is safe in a private bank?

For HNW clients, “safety” hinges on the bank’s credit rating, diversification across entities/booking centres, and how assets are sorted. Singapore’s MAS regime is stringent, but you should diversify and understand product risks beyond deposits. (Check each bank’s current ratings and custody terms.) 

Which bank is best for foreigners in Singapore?

If you need global access and multi-booking: UBS or HSBC GPB. If you want a local champion with strong digital and ecosystem links: DBS Private Bank. For family-office ambitions: DBS’s MFO Foundry VCC is compelling. 

Are private banks involved in Singapore’s family-office growth?

Yes. Singapore had ~2,000 single family offices in 2024, and banks (DBS, UBS, others) actively support related needs (VCC structures, custody, credit). 

Notes on data (for transparency)

• Market caps reference the parent listed group (not the private-bank division) and are approximate as of Sep–Oct 2025: UBS (~US$128.7B), HSBC (~US$241–249B), DBS (~US$111B), JPM (~US$846B), MS (~US$251B), Julius Baer (~US$14B), OCBC (~US$57B), GS (~US$238–240B), BNP Paribas (~US$102B). LGT is privately held; 2023 AUM CHF 316B. 
• Branch counts reflect Singapore presence relevant to private banking; foreign private banks typically operate a single branch/booking centre rather than retail networks. See linked location pages.