SINGAPORE is so important as a leading financial centre in Asia that the Swiss National Bank’s first and only overseas branch office is located in the Republic. Swiss National Bank (SNB) is the equivalent of the Monetary Authority of Singapore (MAS), Singapore’s central bank.
After evaluating a number of locations in the Asia-Pacific region, SNB opened its Singapore branch in 2013. The move was made to ensure a more efficient management of its assets in the region, against the background of a sharp increase in its foreign exchange reserves and the growing importance of Asian financial markets. The Singapore branch office with operational functions is fully integrated into SNB’s oversight and control processes.