Bank of Singapore: Oversea-Chinese Banking Corporation (OCBC) subsidiary Bank of Singapore (BoS) has announced the appointment of Jason Moo as its new CEO. Following an article from Bloomberg on December 26, 2022, BoS made an announcement. Moo will succeed Bahren Shaari officially from March 6 onwards.
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Past career of Jason Moo:
Moo comes with over 25 years of experience in private banking, wealth management and capital markets. This includes time spent in New York, Hong Kong, and Singapore in addition to 22 years with Goldman Sachs. Moo served as the CEO of Goldman Sachs from 2017 until 2019. (Singapore). Moo joins BoS from Julius Baer where he was head of private banking, Southeast Asia and branch manager Singapore. Aside from Singapore, he has also worked in New York and Hong Kong. Shaari was appointed CEO in 2015. Under his leadership, the bank successfully integrated Barclays Asia after the acquisition, and grew its assets under management from US$55 billion to US$109 billion as at September 30 2022.
The Bank of Singapore
The private banking division of OCBC Bank is called The Bank of Singapore. It was formerly known as ING Asia Private Bank, and OCBC Bank purchased it from ING Group in 2009 for US$1.46 billion. As of 30 September 2022, Bank of Singapore’s assets under management was US$109 billion. The Bank of Singapore serves high net worth individuals and wealthy families in its key markets of Asia, Greater China, the Indian subcontinent and other international markets.
