Bank of America’s (BofA) established a new Japan Desk in its Singapore office, recognizing the city-state’s growing prominence as a leading financial hub in the Asia-Pacific region. In the last few years, Singapore has become a preferred destination of high-net-worth individuals and multinational corporations, lured by its advanced infrastructure, stable economy, and strict rule of law.
We will have Japanese bankers on-site who are well-versed in corporate finance. Our strength lies in the deep experience of our bankers, many of whom have been with us for years building strong relationships and repeat business with our clients.
Bank of America Country Executive for Japan Tamao Sasada
The Singapore office is BofA’s third Japan support base, following similar expansions in London and New York. The move will enhance the banking giant’s services for Japanese clients seeking to do business in the region.
“We will have Japanese bankers on-site who are well-versed in corporate finance. Our strength lies in the deep experience of our bankers, many of whom have been with us for years building strong relationships and repeat business with our clients,” said Tamao Sasada, BoFA country executive for Japan and BofA Securities president and representative director for BoFA Securities.
Singapore’s banking industry is projected to reach a market volume of $30 billion by 2029, according to Statista. Amid the fast growth of fintech firms and neobanks around the world, BoFA has invested heavily in AI technology for its treasury management services to remain competitive in a rapidly evolving landscape.
