Singapore's growing pool of wealth is attracting Swiss private banks in their droves as they expand their ranks by hiring top talent and setting up new offices in the region.

Family-owned Bordier & Cie has this week set up an office in Singapore and relocated one of its partners to head the venture. Ervard Bordier, who was made an unlimited partner at the beginning of this month, will become the first partner of a Genevan private bank to move to Asia. A lawyer by training, he is the brother of two of the present partners of Bordier & Cie in Geneva.