Singapore’s private banking industry seeks to strengthen philanthropy advisory

They want to enhance advisors’ capabilities related to making philanthropic decisions.

The Wealth Management Institute (WMI) has partnered with the Private Banking Industry Group (PBIG) to advise capabilities and explore ways to elevate Singapore’s position as a hub for effective philanthropy.

The new phase of collaboration focuses on enhancing the capabilities of client-facing advisors who are the first point of contact for principals, wealth owners, and their families.

The goal is to better meet the growing demand for values-based philanthropy advisory that resonates with the next generation—who are often more attuned to social and environmental causes, the WMI and PBIG said in a press release.

Since 2022, WMI’s philanthropy programs have achieved about 600 enrolments. These programmes aim to equip advisors in guiding clients towards making more effective philanthropic decisions.

New programmes have also been planned, including a Certificate in Philanthropy and Social Impact for Greater China Markets to be launched in November 2025.