Glossary · concept
Open Architecture
- Definition
- Open Architecture refers to a private-bank or fund-management platform that offers third-party products alongside its own house products. Contrasted with closed-architecture / captive-product platforms where only in-house products are available.
Open architecture became standard at most Singapore private banks post-2010 — clients can now access third-party funds, ETFs, and structured products from competing manufacturers, not just the custodian bank's house list. Pictet, Julius Baer, and Lombard Odier explicitly position around open architecture. UBS and HSBC operate hybrid models with strong house-product distribution alongside third-party access. Disclosed retrocession on third-party fund sales is the still-evolving aspect of open architecture.
Related
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