I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Friday 17 October 2014

DBS, Bank of Singapore among top 10 private banks in Asia


SINGAPORE: Local wealth managers, DBS Private Bank and Bank of Singapore, kept their top 10 rankings among private banks in Asia as the industry notched another strong performance in 2013, according to a widely followed industry publication.

Private Banker International (PBI) said on Friday (Oct 17) that DBS Private Bank kept its ninth place in the ranking of wealth managers for the rich, with assets under management (AUM) of US$54 billion (S$68.7 billion) as at December 2013, up from US$46 billion the year before.

Bank of Singapore, the private banking arm of Oversea-Chinese Banking Corp (OCBC), stayed at number 10, with AUM of US$46 billion at the end of 2013, an increase from US$43 billion at end-2012.

PBI estimated that total AUM in Asia rose 18 per cent to a record US$1.387 trillion in 2013 from US$ 1.173 trillion in 2012.
The annual study – which ranks the top 20 private banks in Asia by AUM – saw Swiss bank UBS clinch top spot for the second year in the row with US$245 billion, followed by Citi with US$238 billion.

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