Singapore’s DBS Bank has announced a new wealth management office, based in London, which will serve ultra high net worth clients and family offices looking to Asia.
finews.asia recently reported on a speech given by DBS CEO Piyush Gupta during which he robustly defended London as a key financial centre despite the recent Brexit vote.
On Tuesday Singapore's largest bank announced the opening of a dedicated London wealth management office and named Jeremy Parlons as the U.K. Market Wealth Management Head.
Coming From RBC
Parlons specialises in managing wealth for the ultra-high-net-worth (UHNW) community and brings on board close to two decades of banking experience, offering both traditional services and bespoke solutions to many prominent individuals, family offices and investment boutiques.
He spent the last four years building RBC Wealth Management London’s exposure to UHNW and Family Office clients as well as working on several cross-banking client transactions and collaboration committees. Prior to this he spent nine years with Credit Suisse Private Banking in London. He started his banking career in the private client division of Morgan Stanley, London.
Looking East From London
Parlons will be heading up the new wealth management office, based in London, which will serve UHNW clients and family offices who are looking to Asia for an edge to both their business and investment needs.
«Our expansion into the U.K. makes us an attractive option for clients who are looking at Asia as an investment destination, coupled with our in-depth bank-wide expertise, and heritage and reputation as Asia’s safest bank,» said Tan Su Shan, Group Head of Consumer Banking & Wealth Management, DBS Bank.
