All articles by Francis Koh
Francis Koh
OCBC’s giant leap for Singapore
OCBCs deal to buy INGs Asia-Pacific private banking businesses which it has branded Bank of Singapore and set up a standalone bank in Singapore is a major development for the industry in the city state. For OCBC to acquire this type of business from an international private bank really highlights how domestic players are becoming more organised and aggressive wealth management players. OCBC is creating a strategy with a pure-play private banking organisation, and it really moves forward the frontier of wealth management in Singapore