Bank of Singapore tie-up with Vontobel seen as beneficial

Bank of Singapore, OCBC’s private bank, has struck an agreement with Zurich-based Bank Vontobel that enables its Asian clients to book their assets in Switzerland. The deal will enable BoS clients to access Vontobel’s European financial products and services, and to choose either firm to manage their assets booked in Zurich. It is a good move for both firms, said industry experts, but whether it will see significant take-up or will drive new asset inflows remains to be seen. T…