Who we are
Bank of Singapore (BOS) is the private banking arm of The Overseas Chinese Banking Corporation (OCBC.) BOS was formed in 2010 when ING’s Private banking business was acquired by OCBC and is branded as Asia’s Global Private Bank. It is a full service Private Bank headquartered in Singapore and with offices in Hong Kong, Dubai and London. OCBC is one of the financially strongest banks in the world.
The BOS Discretionary portfolio management(DPM) business was originally part of the ING business bought by OCBC in 2010 and now manages approximately $5bn across a combination of fund based, individual security based and customized portfolios. Many of BOS DPM clients are based in Europe and some are UK res non doms.
As you would expect from an Asian based DPM business, the emphasis is on building portfolios that tap into both Asian opportunities and Emerging Market bond opportunities where Bank of Singapore is very strong and noted for its primary research. Nonetheless this is a discretionary business and so portfolios are constructed within a disciplined and process driven framework.
Clients are offered global portfolios with a higher than average Asian weighting right through to Asian only portfolios. What BOS DPM delivers is therefore complementary to what many of the more European centric managers offer.
DPM is supported by 4 teams of Fixed Income, Equity, Funds and Alternative Investment Research to bring the best of the Bank’s resources and investment capabilities into the construction and management of clients’ portfolio.
BOS DPM has an investment committee which comprises the CIO, Chief Economist, Strategist, Heads of Equity and FI Research who meet on a monthly basis to outline the strategy of the Bank. This strategy will be communicated and flows through all discretionary portfolios.
What we do
The investment process begins with the Investment Committee gaining a thorough understanding of the macroeconomic landscape by employing both top-down and bottom-up analysis from internal specialists and external research resources. The tactical asset allocation strategy (TAA) is then derived via the bank’s proprietary Fundamental-Valuation-Technical Framework.
Using the TAA strategy as a guide, the portfolio management team determines the appropriate country/sector positioning for equity portfolios. The team then works closely with the bank’s research specialists to determine the best way to gain exposure to desired geographies and sectors via attractive individual securities.
In addition to analysing fundamental data, the team also evaluates factors such as consistency with TAA strategy, country/sector risks, market technicals, relative valuations, etc. Portfolios are reviewed on a regular basis to monitor performance and risk exposures relative to investment strategies toward meeting portfolio objectives.