Private Banking inSingapore
Compare Singapore's major private banks. Find minimum requirements, fees, and services from UBS, DBS, HSBC, Credit Suisse, and more. S$2.4 trillion in assets managed.
Major Private Banks in Singapore
Compare minimum investments, services, and specializations of Singapore's major private banks.
DBS Private Bank
Singapore-headquartered
UBS Wealth Management
Global Leader
HSBC Private Banking
Cross-Border Expert
Credit Suisse
Now part of UBS
JP Morgan Private Bank
Ultra High Net Worth
Standard Chartered
Priority & Private
Top 10 Private Banks in Singapore 2026
A working shortlist of the largest and most active private banks in Singapore in 2026 — ranked roughly by Asia AUM and client-facing presence. See minimums compared for the full table of 19 banks.
- 1.
UBS Wealth Management
S$2-3M minimum · Swiss · global wealth-management group
One of the largest non-Asian private banks in SG by AUM after the 2023 Credit Suisse integration. Global product depth + Swiss heritage.
- 2.
DBS Private Bank
S$1.5M minimum · Asian · Singapore-domestic franchise
One of the largest Singapore-domestic HNW relationship bases. Lowest published minimum among true PB tiers.
- 3.
Bank of Singapore
US$5M minimum · Asian pure-play · OCBC-owned · US$130B+ AUM
Dedicated private-banking subsidiary of OCBC. Greater China + ASEAN + Middle East strength.
- 4.
HSBC Private Banking
S$2M minimum · British universal · Asia-Europe corridor
Strong fit for multi-jurisdictional families. HSBC Jade at S$2M, Global Private Banking at S$5M+.
- 5.
Julius Baer
US$2M minimum · Swiss pure-play · CHF 470B group AUM
Listed Swiss pure-play wealth manager. No IB conflict, open-architecture platform.
- 6.
Standard Chartered Private Bank
Priority Private S$1.5M · SC Private Bank US$5M+ · 50+ markets
Broad emerging-markets footprint in Singapore. Asia-Africa-Middle East corridor specialist.
- 7.
Citi Private Bank
US$25M minimum · US universal · UHNW-only
One of three Asia booking centres. Law Firm Group + global custody footprint in 90+ markets.
- 8.
JP Morgan Private Bank
US$25M minimum · US universal · UHNW-only
Highbridge + PE secondaries + JPMAM alternatives. Deepest US-listed equity coverage in Asia PB.
- 9.
Pictet
US$2M+ minimum · Swiss pure-play · partnership-owned
One of the few remaining true partnerships. Multi-generational families, Geneva + Singapore dual booking.
- 10.
Goldman Sachs PWM
US$25M+ minimum · US universal · UHNW-only
Direct co-investment alongside GSAM + access to IB deal flow. Pre-IPO and private-market depth.
Also worth shortlisting at the senior / pure-play tier: Lombard Odier (CHF 1M+), LGT (US$2M+), Morgan Stanley PWM (US$25M), J. Safra Sarasin (CHF 5M+), VP Bank (CHF 5M+), Deutsche Bank Wealth Management (US$5M+), BNP Paribas Wealth Management (US$5M+), EFG Bank (US$1M+).
Looking for the broader Singapore private-banking ecosystem? Our directory of all MAS-licensed firms in the private-banking segment covers ranking by advisor headcount, regulatory licence type, and per-firm leadership across the full universe.
Private Banking Minimum Requirements
| Bank | Minimum AUM | Annual Fee | Typical Fit |
|---|---|---|---|
| DBS Private Bank | S$1 Million | 0.5-1.0% | Asian market access |
| UBS Wealth Management | S$2-3 Million | 0.75-1.5% | Global diversification |
| HSBC Private Banking | S$2 Million | 0.5-1.25% | Cross-border wealth |
| JP Morgan Private Bank | S$5-10 Million | 0.5-1.0% | UHNW clients |
| Standard Chartered Priority | S$200,000 | 0.25-0.75% | Entry-level private banking |
Get matched with a Singapore private banker
Tell us your portfolio size and what matters most. We match you with up to three MAS-licensed Singapore private banks and explain the trade-offs. Minimum portfolio for matching: S$1M.
Already have a private banker? If your wealth plan needs to cover Singapore estate, CPF nomination, or cross-border succession, our sister siteEstatePlanner.sgcovers wills, lasting power of attorney, and probate for HNW Singapore families.
Private banking in Singapore — FAQs
What is the minimum for private banking in Singapore?
Minimum requirements vary by bank. DBS Private Bank starts at S$1 million; UBS S$2-3 million; HSBC S$2 million; JP Morgan Private Bank S$5-10 million. Smaller "priority banking" tiers (Standard Chartered Priority) start at S$200,000 but offer less personalised service.
Which is the best private bank in Singapore?
There is no single "best" — choice depends on AUM, target asset classes, and cross-border needs. DBS is strong in Asian markets; UBS and Credit Suisse (now UBS) focus on global diversification; HSBC focuses on the Asia-Europe corridor; JP Morgan serves UHNW with investment-banking integration; Bank of Singapore is among the largest SG-headquartered franchises.
How is private banking regulated in Singapore?
The Monetary Authority of Singapore (MAS) regulates all private banking activity. Foreign banks operate under Wholesale Bank, Merchant Bank, or QFB licences; SG-incorporated banks (DBS, OCBC/Bank of Singapore, UOB) hold Full Bank licences. Every firm in WealthManagement.sg directory shows its MAS-published licence status.
Do Singapore private banks require Singapore residency?
No. Most SG private banks accept non-resident clients including from Indonesia, Malaysia, Hong Kong, Greater China, India and the Middle East. Some banks specialise in specific corridors (HSBC for Asia-Europe, DBS for Asian markets).
What's the difference between private banking and an EAM?
A private bank both custodies and advises — single counterparty. An External Asset Manager (EAM) only advises; assets sit at an independent custodian bank (often one of the same private banks). EAMs offer multi-custodian flexibility, typically flat % fees, and are popular among HNW clients prioritising structural separation. See /eam-singapore.
What fees do Singapore private banks charge?
Typical fee structures include (1) a management fee, often 0.5%-1.5% of AUM annually, (2) transaction fees per trade, often 0.1%-0.5% of trade value, (3) custody fees, often included or bundled, (4) advisory retainers for discretionary mandates. Exact fees depend on AUM band, asset mix and bargaining power. Compare on /private-banking-singapore.
How many private banks operate in Singapore?
Singapore hosts 30+ private banks across foreign and local franchises. The WealthManagement.sg directory tracks 1,915 MAS-licensed firms including all major private banks. Use the /firms directory or /search to find a specific firm.