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UOB launches high street Wealth Banking branch at Faber House

Singapore Business Review logo Singapore Business Review 11/2/2019 Staff Reporter
a person in a suit and tie: UOB launches high street Wealth Banking branch at Faber House © Provided by Charlton Media Group UOB launches high street Wealth Banking branch at Faber House

It aims to cater to the 476,000 emerging affluent customers in Singapore.

UOB has unveiled its first high street wealth banking branch at Faber House that's specifically designed to respond to the needs of Singapore's emerging affluent. Emerging affluent customers are those aged between 25 to 44 years old with between $100,000 and $350,000 in investable assets. As of end-2018, there were more than 476,000 such customers in Singapore and the segment is expected to grow by 15% by the end 2020, data from GlobalData show.

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