Bank of Singapore
Bank of Singapore (BoS), the private banking arm of Oversea-Chinese Banking Corporation (OCBC), announced that it has appointed Jason Moo as its new CEO. BoS’s announcement comes after Bloomberg’s article on Dec 26, 2022. Moo will succeed Bahren Shaari officially from March 6 onwards.
Past career of Jason Moo:
Moo comes with over 25 years of experience in private banking, wealth management and capital markets. This includes 22 years in Goldman Sachs, as well as time spent in New York, Hong Kong and Singapore. From 2017 to 2019, Moo was the CEO for Goldman Sachs (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 Bank of Singapore is the private banking arm of OCBC Bank. Formerly known as ING Asia Private Bank, it was acquired by OCBC Bank in 2009 from ING Group 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.
Important takeaways for all competitive exams:
- Bank of Singapore Founded: 29 January 2010;
- Bank of Singapore Parent organization: Oversea-Chinese Banking Corporation, Limited.