In brief
At the Dubai FinTech Summit, Bank of Singapore CEO Jason Moo spoke about the complementary roles of Dubai and Singapore as global wealth hubs, the increasing link between Asian and Middle Eastern investors, and how AI is reshaping private banking. He noted the rising interest of Chinese investors in Dubai and the growing appetite for Asian custody solutions among Middle Eastern clients.
DUBAI, 5 November 2026 – Bank of Singapore CEO Jason Moo took the stage at the Dubai FinTech Summit for a one‑on‑one fireside chat titled "A New Era for Global Wealth: Capital, Technology and the Rise of Asia." He said that Dubai and Singapore play complementary roles as major wealth centers, each able to attract and manage assets without cannibalising one another.
During the discussion, Moo highlighted the growth of investment links between Asia and the Middle East. He added that “Asia is a source of capital and a source of investment,” pointing to the region’s ability to generate wealth and attract international investors. The CEO noted that over the past five years there has been a steady rise in international clients, though Asian investors still form the majority of the bank’s portfolio.
"Asia is a source of capital and a source of investment,"Moo
Moo explained that Dubai’s geographical position between Asia and Europe, its DIFC investment ecosystem, and growth prospects across the GCC and the Indian subcontinent make it an attractive destination for wealth management. Dubai is one of Bank of Singapore’s three strategic hubs, alongside Hong Kong and Singapore itself, with its DIFC branch handling clients in the Middle East and Europe.
The bank has logged growing interest from Chinese conglomerates and investors in Dubai’s wealth and investment opportunities, organising visits to the city and providing dedicated Chinese coverage through its DIFC team. Conversely, Middle Eastern clients increasingly look to Asia for custody and investment, with a particular focus on ASEAN markets, Moo said.
He also touched on the changing needs of family offices, noting a shift toward institutional approaches to asset allocation and diversification, underlining the role of AI in enhancing private banking services.
