United United Overseas Bank (UOB) has fine-tuned its wealth
management service and is now offering Privilege Reserve, a new
scheme, for high net worth (HNW) individuals with investable assets
of more than $2m ($1.6m).
UOB has also increased the threshold for
minimum assets under management from $200,000 to $300,000.
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By GlobalDataThe managing director of UOB’s group personal
financial services and private banking, Eddie Khoo said:
“With the growing affluence in Singapore and
the region, there is a need to add value and elevate the product
proposition for HNW individuals. We want to offer them a fuller
suite of products, as well as top-notch service and lifestyle
benefits.”
UOB to double number of relationship
managemers
Khoo added that the bank would double the
number of its relationship managers from 29 to 64 by 2015 and open
more wealth management centres across Asia.
The new wealth management scheme offers an
enhanced suite of banking products and services and senior client
advisors as well as a team of investment, insurance, treasury and
property specialists will offer clients investment strategies and
trust advisory and legacy planning services.
The bank is also offering a new card in
association with the Privilege Reserve scheme, titled UOB Privilege
Reserve Card, offering exclusive benefits to HNW clients, such as
yachting, resort stays, a dedicated Privilege Concierge service
that can arrange front-row seats at concerts, priority previews at
fashion shows, or book a private jet for an exclusive
getaway.
