Bordier & Cie Singapore has joined forces with Vietnam’s Military Commercial Joint Stock Bank (MB) to develop a new private banking service in Vietnam.

The agreement will offer the Vietnamese bank access to Bordier’s best practices, processes and specialist training employed at its Singapore branch and Geneva base.

The alliance will also support the launch of MB’s wealth management units across several Vietnam offices.

MB chairman Le Huu Duc said: “Through this cooperation, MB will provide HNWIs with specialised asset management and private consulting services such as immigration, health care, education, etc.

“These services will not be limited to Vietnam, as we aspire to reach out to markets in which Bordier is also present. We will support our clients in all aspects of planning, preserving and transferring assets to the next generation.”

Leveraging Bordier’s expertise, the Vietnamese bank plans to offer customised private banking services across multiple touch points such as family office products.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

MB said that Bordier will facilitate the identification of key areas required to shape MB Private’s value proposition and therefore boost its private banking infrastructure.

Bordier & Cie Singapore CEO and Managing Partner Evrard Bordier said: “We look forward to sharing with MB our wealth management expertise.

“With our Swiss heritage and know-how, along with the Asian expertise and service excellence of our Singapore office, this new journey we are embarking on will change the face of private banking in Vietnam.”