Charles Schwab Corp and its office in Singapore

The Charles Schwab Corporation is a leading bank and stock brokerage firm. The main office of the company is in San Francisco. The company’s history dates back to 1971 when Charles R. Schwab. It is worth mentioning that Schwab is still working in the company. He is the chairman of the Charles Schwab Corporation. Schwab founded a company that is one of the largest banks in the United States. At the moment, Charles Schwab Corp. is among the top fifteen banks in the country. It means that this financial institution has an important role in the U.S. as well as abroad.

Charles Schwab Corp and Singapore

As mentioned above this corporation has the means and the ability to offer clients various services. In 2018, Charles Schwab Corp. decided to open the office in Singapore. It is not surprising why the picked this country as Singapore is an established business hub. This city-state is famous for its financial services.

The primary motivation of the corporation was to offer the clients from Singapore the ability to conduct business abroad. More specifically, in the U.S. market. Its office began its operation in November of 2017. The office in Singapore offers the opportunity to invest in several assets including U.S. stocks, offshore mutual funds, etc.

They opened the office in Singapore after completing the integration and account migration from optionsXpress. It is worth mentioning that Charles Schwab Corp. bought the derivatives trading platform in 2011.

The company announced that it is going to close the Charles Schwab Singapore by the end of the year. It means that new clients won’t be able to open the accounts. The company will provide additional information for the current clients regarding their accounts. It means that in less than two years Charles Schwab Singapore will cease to exist in several months.