Singapore · Asia-Pacific · Private Banking · Executive Search
Private Banking Recruiter in Singapore
Executive Partners is a Switzerland-based boutique focused exclusively on Private Banking & Wealth Management. In Singapore, we place Senior Relationship Managers, Team Heads and Market Leaders with a specific focus on Asia-Pacific UHNW client coverage, MAS-compliant portability, and cross-border expertise across Greater China, Southeast Asia, and South Asia.
Singapore: Asia-Pacific's primary private banking booking centre
Singapore is the dominant offshore booking centre for Asia-Pacific private wealth, hosting the regional headquarters of UBS, Julius Baer, DBS Private Bank, Bank of Singapore, Pictet, Lombard Odier, and over 40 licensed private banking institutions. Combined AUM at Asia-Pacific's top 10 private banks surpassed USD 2.5 trillion in 2025, a 22.5% increase over 2024, according to the finews.asia Private Banking AUM League Table published March 2026.
Bank of Singapore, the private banking arm of OCBC, reported AUM exceeding USD 145 billion in Q3 2025, a nearly 20% rise since 2023, and has confirmed it will return to aggressive hiring mode in 2026 after moderate recruitment in 2025. Asia-Pacific HNWI wealth grew 4.8% in 2024, second only to North America.
Over the last 24 months, hiring demand in Singapore has concentrated on:
- Senior RMs with Greater China, Southeast Asian and South Asian UHNW coverage
- Team Heads with USD 300m+ in portable, MAS-compliant AUM
- Bankers with family office expertise under Singapore's Section 13O/13U frameworks
- Cross-border specialists covering Indonesia, India, Thailand and the Philippines
Singapore hiring committees focus on MAS compliance, documented client portability, and the ability to generate net new money from the region's fastest-growing UHNW segments.
2025–2026 Singapore compensation benchmarks
The ranges below reflect typical packages observed across leading Singapore-based private banks. Singapore applies personal income tax (top marginal rate 24%) unlike Dubai.
| Role | Base salary (USD) | Bonus range | Typical total |
|---|---|---|---|
| RM (5–10 years) | 100k – 150k | 20% – 60% | 120k – 240k |
| Senior RM (10–20 years) | 150k – 250k | 40% – 120% | 210k – 550k |
| Ultra UHNW RM | 250k – 350k | 80% – 200% | 450k – 900k+ |
| Team Head | 300k – 420k | 100% – 250% | 600k – 1.2m+ |
These ranges are indicative. Individual offers depend on platform, AUM portability, MAS compliance history and client mix.
Insights for Singapore-based bankers
Market commentary on Asia-Pacific private banking, family office trends and talent flows.
Work with Executive Partners in Singapore
Whether you are a Singapore-based bank or a Senior RM considering a move, we provide confidential guidance on platforms, compensation and portability.
Prefer to start with a discreet email? info@execpartners.ch