Private institutions generally act as intermediaries in generating finance by offering investment opportunities to people or establishments with excess capital and thus making it easy for companies and businesses to obtain the necessary funds.
Private Financial Institutions have played a significant role in setting the rules and regulations for a liberalized global capital markets. Various types of private financial institutions include private banks, trust companies, captive insurance companies, offshore hedge funds and more.
List of Prominent Private Financial Institutions in Singapore:
Citibank Singapore Limited is a division of Citibank N. A. of the United States and incorporated in Singapore on 28 June 2004. It has Qualifying Full Bank status which was awarded to its parent on 20 October 1999, and the QFB status was transferred on the same day of its incorporation.
Singapura Finance has been a player in the Singapore financial scene since the 1950s. Today, it stands as a financial house with a wide range of financial products. The Singapura Finance brand is built on the characteristics of optimism, inspiration and confidence.
The Hongkong and Shanghai Banking Corporation Limited is based in Hong Kong, is a wholly owned subsidiary and the founding member of the HSBC Group. The business ranges from personal finance to commercial banking, to corporate and investment banking and private banking.
HSBC is one of the oldest banking groups in the modern world. The bank is known locally in the expatriate community simply as The Bank or as "Hongkong Bank".