Singapore is a leading provider of services such as international banking, trade finance, maritime finance, insurance, treasury operations, and asset and wealth management. Singapore is also the fourth largest foreign exchange trading centre in the world after London, New York and Tokyo.
One of the top four global financial centres in the world, Singapore is also the second-largest over the counter derivatives trading centre in Asia, and a leading commodities derivatives trading hub.
There are over 121 commercial banks with over 115 foreign banks and 3 representative offices of banks in Singapore, all of which play an active role in banking and finance. Singapore also has total assets under management of around S$1.2 trillion and is considered as one of the premier asset management locations in Asia.