Local Incorporation


An Overview

Malayan Banking Berhad, Singapore Branch (the Branch) is incorporating part of our banking business in Singapore to serve you better. Singapore is one of Maybank's home markets, and local incorporation is an important part of our overall strategy to increase our commitment and business presence in Singapore.

In November 2018, Maybank is transferring Community Financial Services business in Singapore, namely the Retail (personal banking, privilege wealth, premier wealth), Private Wealth, SME - Retail, Small Medium Enterprises (RSME) Banking and Commercial Banking (CMG) business via a scheme of transfer to a new subsidiary, Maybank Singapore Limited, which is incorporated in Singapore.

Maybank’s Singapore Branch will continue to operate its Global Banking business (including Global Markets), while the new subsidiary Maybank Singapore Limited will service customers from the aforementioned Retail, Private Wealth, RSME Banking and CMG segments.

All Maybank customers will continue to enjoy the same quality of products and services. We thank you for your continued support and look forward to serving you better.

Key Information

1. What is local incorporation and when will it take place?
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2. Why did Maybank decide to undergo local incorporation in Singapore?
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3. Is there any impact on retail payments / transfers?
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4. When making cheque payments to the Branch or the Subsidiary, what is the payee name that we should issue the cheques to?
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5. How will this impact my existing accounts / relationship with the Branch?
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6. Where can I find out more information about this local incorporation?
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Maybank Singapore Limited - Frequently Asked Questions (FAQs)

FAQs for Customers of Retail (personal banking, privilege wealth and premier wealth), Private Wealth, SME - Retail, Small Medium Enterprises (RSME) Banking and Commercial Banking (CMG) (PDF)

Mandarin version: FAQs for Customers of Retail (personal banking, privilege wealth and premier wealth), Private Wealth, SME - Retail, Small Medium Enterprises (RSME) Banking and Commercial Banking (CMG) (PDF)

Malayan Banking Berhad, Singapore Branch - FAQs

FAQs for Customers of Global Banking (including Global Markets) (PDF)

Mandarin version: FAQs for Customers of Global Banking (including Global Markets) (PDF)

Scheme of Transfer

Summary of the Transfer of the Community Financial Services business in Singapore from Malayan Banking Berhad, Singapore Branch to Maybank Singapore Limited under Sections 55B and 55C of Part VIIA, Division 1 of the Banking Act, Chapter 19 of Singapore (PDF)

Information is updated as of 30 August 2018

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