With money leaving traditional European offshore centers in the billions, understanding the nature of the rising offshore centers of Asia Pacific is critical. This report explores the offshore clients of Singapore and what strategies are best to attract and retain them making it a critical read, not just for offshore bankers, but also for their onshore competitors.
Features and benefits
Benefit from the findings of the unique Offshore Banks Survey 2010 conducted among banks in six offshore centers, including Singapore.
Understand the source of offshore funds held in Singapore.
Learn about the key product and service needs of your target customers.
Find out who the offshore competitors in the local market and understand strategies of the key competitors through case studies.
The key products going forward will be those that allow offshore clients to invest in foreign currencies. The international currency markets have been particularly volatile since the beginning of the credit crunch and global recession, offering opportunity to generate return.
Bankers cited high customer service as a key reason their clients bank with them but few services are deemed to be a big draw for new clients. Only financial planning is seen as being able to attract a significant amount of new offshore business.
Your key questions answered
What is the source of the offshore funds in Singapore?
What products and services will best attract new offshore clients?
Who are the key offshore competitors active in the Singaporean market?