SINGAPORE - Rabobank, a global food & agribusiness and commodities bank, officially opened on Wednesday its new Singapore office at South Beach Tower to support its expanding presence in the region.

Relocating to new premises, the office serves the Dutch bank's regional product and service hub for Singapore, Malaysia, Philippines, Thailand and Vietnam.

From a small team of just two people 30 years ago, Rabobank's team has grown to more than 200 people serving companies active in food & agri and commodities across the region.

Said Mr Marcel van Doremaele, chief executive officer of Rabobank Singapore & Representative Markets: "This opening is an important milestone for us as we enter a growth phase on the back of increased investment in food and agriculture in South East Asia, and with commodity trading and logistics activity in Singapore continuing to grow.