Singapore private bankers are no longer jet-setters



ORIGINAL POST
Posted by PSR_AXP 41 days ago
Private bankers, traditionally among the most well-travelled finance professionals in Singapore, may never return to their jet-setting ways, even as Singapore reopens its skies.
 
The old assumption that relationship managers could only discuss sensitive subjects with clients in person has now been turned on its head by the pandemic, Joseph Poon, group head of DBS Private Bank, told the Business Times.
 
“Wealth planning means talking about a client's eventual death, succession and family. Everyone thought the only way to get a conversation going was face to face. But we have very strong relationships. We also created virtual meeting rooms; we were very fast, and intimacy was not lost,” he said.
 

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