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Bank Julius Baer gets Wholesale Bank License in Singapore

Bank Julius Baer has been granted in-principle approval to establish a wholesale bank branch in Singapore.

 

With its new status, the bank can offer, among other things, basic Singapore dollar products such as current accounts, deposits and loans for all clients including Singapore residents.

 

Wilfried Kofmehl, CEO private banking, South East Asia, says, “Since we opened to service the regional market, we have expanded our team of relationship managers, developed a full-fledged booking system for Asian and international clients as well as trading facilities to cover Asian markets.”

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