CUB Singapore will remain responsible for delivering the discretionary portfolio management service to private banking clients.

Barings has been appointed investment strategy provider for the discretionary portfolio management service run by Cathay United Bank's Singapore branch.

Barings Singapore will supply asset allocation and investment recommendations. CUB Singapore, which will combine that advice with its own knowledge of Asian clients, will remain responsible for delivering the DPM service to its private banking clients. 

Barings, a subsidiary of MassMutual with a minority investment from Japanese insurer MS&AD, managed $502 billion as of 30 June 2026. Its business, which serves institutional, insurance and wealth clients, spans credit, real assets, capital solutions and emerging markets.

Cathay United Bank, headquartered in Taiwan, is a subsidiary of Cathay Financial Holdings. It runs private banking operations in Taiwan, Hong Kong and Singapore. Barings has previously worked with Cathay Financial subsidiaries across investment management, advisory and distribution.

“As high net worth investors seek greater portfolio customisation and access to a broader range of investment opportunities, we believe discretionary investment solutions will play an increasingly important role,” Soo Hai Lim, chief executive officer of Barings Singapore, said.