AN INDEPENDENT FINANCIAL SERVICES GROUP
Born in Europe, built in Asia, focused on you.
Execution, structured products, private credit and custody for wealth managers, family offices and investors across Asia.
Custody & clearing powered by BNY Pershing, the world's largest custodian.
37years in the market
130professionals
6global offices
2012BNY Pershing partner
Explore Amstel
One group, complementary strengths
A modern suite of financial services alongside our long-established desks across Asia, connected by the same independence, deep experience and institutional access. Wherever you begin, it is the same Amstel.
#1 to #2
in our core Asian markets
500+
institutional counterparties
2 to 3 wks
client onboarding
MAS, FCA, SEC
licensed and regulated
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
Custody, Clearing & Settlement
The Amstel and Pershing offering
World-class custody on the BNY Pershing platform, without the private-bank fees or minimums. The wealth manager keeps 100% of their fee, because BNY Pershing retains nothing where a private bank keeps a slice. Onboarding takes two to three weeks, there is no minimum AUM, and no relationship manager pushing product at your clients.
For: external asset managers, wealth managers, family offices, HNW and accredited investors, and small and mid securities companies.
02
Structured Products
The independent alternative
Bespoke, third-party-written structured products, led by Actively Managed Certificates (AMCs) that let an asset manager run a whole strategy through a single tradable instrument. An independent alternative to private-bank paper, collateralised to reduce issuer risk and freely custodied with us. Powered by Maverix Securities, rebranded under Amstel in Asia.
For: external asset managers, family offices, accredited and institutional investors, and issuers.
03
Private Credit & Secured Lending
Non-bank financing for Asia
Connecting Asian corporates seeking fast, flexible financing with investors seeking quality transactions, alongside secured lending and capital raising. Originated and distributed through our proprietary platform, asiadealbox.com.
For: private credit funds, Asian corporate CFOs, family offices, and UHNW investors.
04
Execution
Conflict-free, anonymous
Institutional bond, equity and ETF execution as a matched-principal intermediary; we never run a book. We take your order and find the other side across 500+ counterparties, voice or electronic through Bloomberg ALLQ, with complete anonymity and better pricing than any single bank can show.
For: buy-side desks, hedge funds, asset managers, family offices, and HNW and accredited investors.
Why Amstel
Independent and unconflicted, with the institutional muscle of BNY Pershing behind you. Here is what that means in practice.
You keep 100% of your fee
A private bank keeps part of a wealth manager's fee. On the Amstel and Pershing platform, Pershing retains nothing, so the manager keeps all of it.
No minimum to begin
No minimum AUM, where a private bank typically asks for two to ten million.
Powered by BNY Pershing
The world's largest custodian behind you, without the big-bank fees and without the big-bank conflicts.
Unconflicted, always
We give no advice and push no product. A matched-principal intermediary that cannot run a book or front-run your orders.
Domestic Markets
Established franchises across Asia
Our domestic desks in Indonesia, the Philippines and Thailand are among the most established intermediaries in their markets, and the most profitable part of the group. Market-leading in local government bonds, currencies and money-market products, built on deep onshore relationships and decades of trust.
Jakarta
Govt bonds, USD/IDR, rates
Manila
Local fixed income, FX
Bangkok
Fixed income, FX, IRS
Our global footprint
Six offices, one Amstel
European roots and an Asian engine. From our Singapore headquarters to onshore desks across the region and a regulated gateway in London.
In association with
BNY PershingCustody and clearing
MaverixStructured products
IncadenseStructuring partner
AsiaDealBoxPrivate credit platform
About Amstel
An Asian financial services group, built for a different path.
Founded in Amsterdam over 30 years ago and proudly headquartered in Singapore since 2012, Amstel is privately owned and managed by its Asian board. What began as a specialist intermediary is now an integrated financial services group of 130 people across six offices.
Licensed and regulated: Monetary Authority of Singapore, Financial Conduct Authority (UK), SEC Philippines, Bank Indonesia, and the SEC and Bank of Thailand.
Leadership
RF
Russell Fernando, Group Managing Director
40+ years in Asian financial markets.
40+ years in Asian financial markets.
AV
Andrew Veale, CEO, Amstel Securities (Asia)
40+ years in structured and private credit.
40+ years in structured and private credit.
MN
Mark Nelligan, Head of Custody and Settlement
Ex-CEO of BNY Pershing, Asia Pacific.
Ex-CEO of BNY Pershing, Asia Pacific.
RU
Rudy Nur Utama, President Director, PT Amstel Indonesia
#1 local government bond and USD/IDR franchise.
#1 local government bond and USD/IDR franchise.
Careers
Build your career with Amstel
We attract the best new graduates and experienced professionals, and our people stay: staff retention is among the highest in the industry, supported by a much-revered central training programme.
Get in touch
Let us start a conversation.
No minimum AUM, onboarding in two to three weeks, and a genuinely independent alternative to your custody and execution today.