AN INDEPENDENT FINANCIAL SERVICES GROUP

Markets are becoming
more complex
Access shouldn’t be

For four decades, Amstel has helped clients navigate financial markets with confidence.

Today, we do far more.

As an independent financial services group, we combine clearing & custody, structured investment solutions, private credit capabilities and multi asset execution to help a wide array of market participants. Opportunities, infrastructure and expertise through one trusted relationship.

Amstel > your trusted independent alternative.

1989founded
130professionals
5global offices
Our Story Born in Europe, built in Asia, focused on what's next.
For almost forty years, Amstel has earned its reputation through market expertise and trusted relationships.
As financial markets have evolved, so have we. Today, our clients can rely on us for far more than execution. Through strategic alliances, advanced technology and specialist financial services, we help clients access opportunities that were once available only through the largest financial institutions. Execution is now one part of a broader proposition that includes clearing & custody, structured investment solutions, and private credit origination & distribution.
Our financial services Financial Services Clearing & custody, structured products, private credit, Asian & Global multi asset-class execution.
Rooted across Asia Domestic Markets Our market-leading local currency desks in Jakarta, Manila and Bangkok, among the most established intermediaries in the region.
Why Amstel Independent expertise. Integrated solutions. Trusted relationships.
Institutional Access Connecting accredited clients to institutional pricing and infrastructure.
Independent Thinking An independent business focused on client outcomes rather than product distribution.
Integrated Solutions Clearing & custody, investment services and execution working together.
Trusted Partnerships Global capability delivered through carefully selected strategic relationships.
Nearly Four Decades of Experience Built on long-term relationships, market knowledge and execution expertise.
#1 to #2 in our core Asian markets
500+ institutional counterparties
up to 3 weeks client onboarding
licensed Singapore MAS, UK FCA, Bank Indonesia, Philippines SEC, Thailand SEC & Bank of Thailand
Financial Services
Four ways we work with you
One integrated group, four focused services, each built around institutional access, independence and zero conflict of interest.
01
Clearing & Custody
The Amstel / Pershing offering
Amstel provides a custody solution at the segregated client level via its agreement with BNY Pershing, a wholly owned subsidiary of BNY, the world's largest custodian and Globally Systemically Important Financial Institution (G-SIFI). As Amstel's CMS licence specifically excludes advisory services, we are solely focused on safekeeping clients' assets. With no minimum AUM, efficient client-onboarding (up to 3 weeks), and competitively priced, we are a true alternative to the private bank custody solution.
For: external asset managers, wealth managers, family offices, HNW accredited investors and independent small and mid-size securities companies.
02
Structured Products
Move beyond the limitations of traditional private-bank platforms.
Providing independent access to bespoke investment solutions, competitive multi-issuer pricing and Actively Managed Certificates, all within a flexible, open-architecture platform. From a single investment idea to the launch of a fully customized strategy, we combine deep product expertise, institutional execution, efficient structuring and custody through BNY Pershing.
For: external asset managers, family offices, securities houses and professional investors.
03
Private Credit / Secured Lending
Non-bank debt financing across Asia
Connecting Asian corporates seeking fast, flexible financing with investors seeking quality secured transactions. Origination and distribution services through our proprietary platform, asiadealbox.com.
For: private credit funds, private capital pools, sov wealth funds, Asian corporate CFOs, and family offices.
04
Execution
Domestic Expertise, Global Reach
International markets: Voice or electronic matched principal. We operate on an “agency-only” basis, ensuring zero conflict of interest by never running a book or carrying positions. Amstel actively executes across global, Asian and Southeast Asian capital markets, equities, and structured products.

Domestic markets: we provide deep local liquidity, actively participating in the domestic currency, fixed income and FX markets of Indonesia, the Philippines and Thailand.
For: banks, buy-side desks, asset managers, bond funds, family offices, HNW and accredited investors, and onshore banks and securities companies in Jakarta, Manila and Bangkok.
Domestic Expertise Established across Asia Our teams in Indonesia, the Philippines and Thailand are among the most established intermediaries in their markets. Market-leading in local government bonds, FX and money-market products, built on deep relationships and decades of trust.
Indonesia Credit, FX & Money Markets
Philippines Bonds, FX, Swaps
Thailand IRS, Fixed Income, Swaps
20 years Consistently ranked top 3 in local markets.
Global reach, local expertise Six destinations, one Amstel European roots and an Asian engine. From our Singapore headquarters to onshore desks across the region and a London gateway into Europe and the CIS.
Amsterdam
Amsterdam Where Amstel began, almost 4 decades ago
Singapore
HQ
Singapore Group headquarters, since 2012
Jakarta
Jakarta Leading in local government bonds and USD/IDR
Manila
Manila Multiple #1 desks across Peso fixed income, spot & forward FX
Bangkok
Bangkok Top 2-3 desks across THB Govt Bonds, FX, and interest-rate swaps
London
London FCA-regulated European gateway, with specific strengths in Western Europe and CIS states
Strategic alliances with
BNY Pershing↗ Custody and settlement Maverix Securities AG↗ Structured products Incadense.com↗ Global SMAs Bondwatch.ai↗ Accredited investor pricing & execution Asiadealbox.com↗ Private credit platform
About Amstel
An Asian financial services group, built for a different path.
Founded in Amsterdam in 1989 and proudly headquartered in Singapore since 2012, Amstel is privately owned. What began as a specialist interdealer brokerage business is now an integrated financial services group of 130 people across five global offices.
Licensed and regulated: Monetary Authority of Singapore, Financial Conduct Authority (UK), SEC Philippines, Bank Indonesia, and the Thai SEC and Bank of Thailand.
Board of directors
RF
Russell Fernando, Group Managing Director
40+ years in Asian financial markets.
AV
Andrew William Veale, CEO, Amstel Securities (Asia)
40+ years in structured and private credit.
RU
Rudy Nur Utama, President Director, PT Amstel Indonesia
#1 local government bond and USD/IDR franchise.
Our Team
Careers Build your career with Amstel We attract the best new graduates and experienced professionals, our staff retention rate is among the highest in the industry. Come and see why.
See open roles
Get in touch Let us start a conversation. No minimum AUM, onboarding in two to three weeks, and a genuinely independent alternative for your custody and execution today.
Contact Amstel