People Moves
Bank Of Singapore Poaches New MD From Merrill Lynch
Bank of Singapore, the subsidiary of
OCBC, has just named
Aseem Arora as managing director and head of strategic
initiatives and new markets for the Indian subcontinent,
Reuters reports.
Arora is the managing director and global head of NRI markets at
Merrill Lynch International Bank in Singapore and has 16 years of
experience in the wealth management industry. The news service
said that in his new role he will still be based in
Singapore.
The bank has yet to confirm the change with
WealthBriefingAsia.
In April, BoS said it will not be affected by the departure of a number of employees, as it is recruiting from other private banks, according to the group’s chief executive, David Conner. Media reports had said ten private bankers had asked to leave Bank of Singapore, formed when OCBC acquired ING’s Asian private banking subsidiary and merged it with its own private banking business.
