Bank of Singapore has named ex-UBS executive Paul Chua as its global head of Wealth Planning, succeeding Tariq Salem.

Chua will assume the new responsibility on 28 June 2021 and operate out of Singapore. He will report to Bank of Singapore global head of Products Lim Guan.

As the global head of Wealth Planning, Chua will be responsible for supporting the expansion and innovation of the bank’s wealth planning, family office, trust, and succession offerings.

He will oversee a team that offers holistic solutions and advisory services to UHNW and HNW families across the bank’s core markets in Greater China, Southeast Asia, Europe, and the Middle East.

At UBS Wealth Management, Chua was the head of Wealth Planning Singapore.

Having worked at UBS for 19 years, Chua held key roles in building wealth planning, trust, and advisory offerings across Southeast Asia and North Asia.

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Commenting on the appointment, Guan said: “We are pleased to welcome Paul to the Bank of Singapore family. He has a wealth of experience in dealing with complex family situations by implementing tailored strategies to meet varying needs and objectives.

“We are confident that he will be a key addition to our wealth planning team to help develop deeper and more meaningful relationships with our clients.”

Salem will focus exclusively on his role as the head of the Structured Solutions Group following Chua’s appointment.

During his tenure as the global head of Wealth Planning, Salem played a key role in fortifying the bank’s competence in supporting the establishment of family offices in Singapore and expanding the team of wealth planners in Singapore, Dubai and Hong Kong.

Recent hires

Bank of Singapore has been looking to strengthen its wealth planning and family office capabilities globally with a series of strategic hires.

The bank appointed Carrie Ng to the newly created role of head of Single Family Office Advisory in March this year.

Ng’s key responsibilities include working with UHNW families to create, review and implement family office solutions in line with their long-term succession plans.

Last February, the bank poached Joanna Ho from HSBC Private Banking to serve as the head of wealth planning for its Greater China and North Asia operations.