What's New In Investments, Funds? – Trust Bank, abrdn

Editorial Staff

25 February 2025

Trust Bank, abrdn
Singapore-based .

The new offering is called TrustInvest. Pitched at retail clients, TrustInvest is contained in within the bank’s app, requiring at least S$100 ($74.82) for each fund. Investors can choose from a curated selection of five funds covering a range of goals and risk profiles. Although there are no platform or sales fees, there is a fund management charge.

The firm said that customers who remain invested until the end of 2025 will receive part of the management fee back.

The tie-up with abrdn puts the bank in partnership with a large player: at the end of 2024, the fund management house managed and administered £511 billion of assets.

Explaining performance, Trust Bank – a relative newcomer founded in 2023 – said its revenue more than doubled compared with 2023, rising to S$97 million. Dwaipayan Sadhu is the lender’s CEO.

Left to right: Trust’s head of invest Rohit Mulani and chief executive Dwaipayan Sadhu, and abrdn Investments’ CEO Asia-Pacific Ian Macdonald and head of wholesale Southeast Asia Natalie Tan.