Bank of Singapore's chief operating officer and chief financial officer are stepping down from their roles, amid a wider shake-up at the OCBC Bank subsidiary. 

Starting February 2012, current global chief operating officer Daniel Teo will go on a sabbatical after which he shall assume a consultancy role with the company. Patrick Goh, who joined the firm in November from OCBC Bank, shall take his place as managing director and global chief operating officer. Ambrose Law, the global chief financial officer who has opted for early retirement, will be replaced by Ho Soo Woon. Ho moved into the company in October from Bank Sarasin-Rabo (Asia).

The risk and compliance functions are being split to increase efficiency. Lee Han Chwee has been appointed to the newly-created role of managing director and global head of compliance. Lee joined the company in November from Fortis Bank Singapore where he served as regional head of compliance private banking, Asia. Leander Jansen retains his current role as managing director and global chief risk officer heading the credit and market risk and operational risk management functions. 

"The new management framework is designed to get the right people and processes in place so that we can better respond to the sophisticated needs of clients and we are better equipped to manage our expanding business across the region," said Renato de Guzman, chief executive.

Bank of Singapore records around $38 billion in earning assets as of 30 November, with a net inflow of fresh funds of about $6 billion. Staff strength has also expanded by around 20 per cent and the bank now has nearly 850 staff worldwide, of which more than 250 are relationship managers of various nationalities.