"This partnership represents a milestone in our business strategy to tap into India's growth," Bahren Shaari, CEO of Bank of Singapore, said in the statement.
Edelweiss, one of India's leading wealth and asset managers, has assets under management of over US$25 billion ($34 billion). Bank of Singapore, a unit of Singapore's second-largest listed lender Oversea-Chinese Banking Corp, has assets under management of US$105 billion as at Sept 30, 2018.
Bank of Singapore, which has more than 80 bankers serving non-resident Indian (NRI) clients from Singapore, Dubai and Hong Kong, has seen increased interest from this segment to tap into India's investment opportunities.
