Bernard Fung

Managing Director
Credit Suisse

IBF Fellow (2021)

Private Banking & Wealth Management

"Great resources not easily accessible have moved online during the pandemic – these are opportunities to learn, un-learn and re-learn that should not be forgotten during these challenging times."

Biography

Bernard Fung returned home to Singapore after being based in New York and then London since the mid-1990s, managing private and family investment vehicles. He was recruited into Credit Suisse Singapore where he brought to life three notable initiatives. 

These initiatives that have not only led the field in Singapore, but have also provided the local financial services industry with concrete examples for further industry learning and competitive development, ahead of becoming mainstream locally and regionally. 

First, since 2011 he developed an advisory service for UHNW clients on generational wealth transfer and family office matters. This has been consistently on a "fee-for-advice", rather than "fee-from-product" basis since inception and has won various industry top awards including Asiamoney, Euromoney and Asian Private Banker. 

Secondly, since 2012 he served as Deputy CEO of SymAsia, Singapore's first bank-sponsored donor-advised charitable foundation with Institute of Public Character status. From a zero base, donations to SymAsia crossed $200m in its first decade under his stewardship. 

Thirdly, he helped forge an "industry first" joint venture between Credit Suisse and UOB Venture Management in direct sustainable (impact) investing, leading to Asian Impact Investment Fund I (2015) and AIIF II (2021), where Mr Fung served as a member of the Impact Advisory Committee. AIIF has been documented as an INSEAD 2018 case study in innovation, and was a shortlisted global finalist for the FT/IFC 2021 Award for Transformational Finance Solutions. 

Over the years, Mr Fung has been consistently involved in various Working Groups convened by the MAS Private Banking Industry Group to guide the development of the private banking and wealth management industry in Singapore. He has also contributed to the various panel discussions at annual gatherings of the Society for Trust and Estate Practitioners (STEP).