OCBC Bank has teamed up with the Wealth Management Institute (WMI) of Nanyang Technological University, Singapore (NTU Singapore) to introduce a new wealth advisory programme for its retail banking wealth advisers.

The new OCBC-WMI Wealth Advisory Programme aims to strengthen the private banking skills  of the bank’s more than 330 wealth advisers.

The programme will train advisers on various areas including asset allocation, deep relationship management, ethics and compliance.

Additionally, the programme is expected to support the industry transformation map (ITM), which aims to make Singapore an international wealth management hub.

OCBC Bank head of consumer financial services in Singapore Dennis Tan said: “We want to nurture our wealth advisers into world-class wealth management professionals, providing them with diverse learning opportunities to develop their careers with us.

“Our partnership with NTU’s Wealth Management Institute to create a specialised certification programme for our wealth advisers will enable them to provide our clients with unparalleled service and advisory.”

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The new programme will offer OCBC-WMI Premier Wealth Certification and OCBC-WMI Premier Private Client Wealth Certification. Both these certification programmes are devised to comply with the Institute of Banking and Finance Singapore (IBF) Standards.

The programmes will be headed by WMI’s senior industry practitioners.

WMI CEO Foo Mee Har said: “Leveraging our extensive experience in providing wealth management education to 14,500 finance professionals, WMI is excited to partner OCBC to curate a set of bespoke advisory programmes that focuses strongly on upskilling their bankers with future ready competencies in investment advisory, portfolio management, asset allocation, wealth planning, digital skills, client management and ethical conduct.”