Bank of Singapore (BOS), the private banking unit of OCBC Bank, has named Rajeev De Mello as its new CIO. The appointment is subject to regulatory approval.

De Mello will manage the firm’s research and investment strategy teams and will chair its investment committee that oversees global strategic and tactical asset allocations calls for clients.

He will also manage the discretionary portfolio management (DPM) service and report to global head of products Marc Van de Walle.

De Mello has an experience of over three decades in the global financial services sector, which includes 14 years in Asia.

He most recently served as the head of Asian fixed income and co-head of emerging market debt at Schroders Investment Management. In his role, he managed the investment teams in Singapore, Hong Kong, Jakarta Taipei as well as Tokyo.

“During his seven-year stint at the British multinational asset manager, assets under management more than doubled as he expanded investments into credit and into onshore China,” BOS noted.

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De Mello also chaired the Investment Management Association of Singapore’s Development Committee and served as a member of the Singapore Foreign Exchange Markets Committee.

Commenting on the new appointment, de Walle said: “With the increasing market uncertainties, timely and insightful research capabilities will give investors a crucial advantage in identifying the most attractive risk-adjusted opportunities. That is why we have, over the past few years, expanded and deepened our research capabilities significantly to cope with a more challenging investing environment in the years ahead.

“Rajeev’s stellar track record in emerging and developed markets over three decades will help us to maintain the high level of trust and confidence our clients have in us.”