Singapore , 11 Jan 2013Bank of Singapore's expanding Greater China business continues to attract seasoned
Bank of Singapore today announced that in 2012 it has added eleven seasoned bankers to its Greater China team, comprising seven located in Hong Kong and four in Singapore, bringing the total headcount of front line staff for its Greater China business to close to 100. Of the eleven new bankers, three are Team Heads, namely Mr Michael Chan, Ms Nancy Jin and Mr Joel Lim. Both Michael and Nancy are based in Hong Kong, while Joel is based in Singapore. The growth in staff strength is reflective of the bank’s continued growth and commitment to the region.
Commenting on the new appointments, Mr Sermon Kwan, Global Marketing Head, Greater China Region and Chief Executive of Bank of Singapore’s Hong Kong Branch, said, “Greater China’s growing economy looks set to fuel opportunities for further development of the private banking business in this region. Since the launch of Bank of Singapore in 2010, we have consistently achieved double-digit assets under management (AUM) growth. The latest appointments for the Greater China market underscore our confidence and commitment to increase our market share in this geography.”
He added, “The fact that these latest talents join us from global brands attest of our ability to attract quality talents from the private banking industry.”
Bank of Singapore’s business has grown from strength to strength despite challenging conditions. The Bank has consistently achieved a double-digit revenue growth annually since 2010. As of end November 2012, its AUM have grown by 30% to USD41 billion.
Bank of Singapore is also on track with its recruitment of talents. Its total staff strength has grown by 40% from more than 700 staff by end of 2010, to close to 980 staff by end of 2012. Since it started operations, Bank of Singapore has almost doubled the number of relationship managers (RMs) and now has close to 280 RMs of various nationalities that serve global clients.
Michael Chan joined Bank of Singapore in August 2012 as Team Head, Greater China.
Focusing on the HK market, Michael reports to Mr Edward Chow, Managing Director and Market Head of Greater China. He is responsible for developing and maintaining client relationships as well as capitalizing on new business opportunities.
Michael is a seasoned banker with over 25 years of banking experience. He has held various management roles in multinational banks. Prior to joining Bank of Singapore, Michael was Senior Vice President at Coutts & Co Ltd, Hong Kong Branch, where he worked for 13 years.
Before that he spent more than 10 years at ICBC (Asia) (formerly Belgian Bank) and was Head of Private Banking, Asia when he left. Michael has also worked at Citibank and HSBC, and started his career in commercial banking at China Construction Bank (Asia) (formerly Bank of America).
Michael graduated with an MBA from the University of Southern California and a Bachelor’s Degree in Psychology.
Nancy Jin joined Bank of Singapore in November 2012 as Team Head, Greater China.
Focusing on the offshore China market, Nancy reports to Dr Johnson Xu, Managing Director and Market Head of Greater China and is based in Hong Kong. Nancy is responsible for developing and maintaining client relationships as well as capitalizing on new business opportunities in the market.
Nancy has close to 20 years of experience in the financial industry and has worked with major market players such as Citigroup and UBS Securities. Prior to joining Bank of Singapore, she was a Managing Director of Guosen Securities (Hong Kong) Asset Management Co., Ltd.
Prior to Guosen Securities, Nancy had spent around 17 years in UBS Securities and Citigroup based in Guangzhou and Shenzhen respectively.
Nancy graduated with a Bachelor of Arts in English Language and Literature from Shanghai International Studies University, PRC.
Joel Lim joined Bank of Singapore in May 2012 as Team Head, Greater China. Based in Singapore, he is responsible for developing and maintaining client relationships as well as capitalizing on new business opportunities.
Joel reports to Mr Arthur Fong, Managing Director and Market Head of Greater China who is based in Singapore.
Joel has over 10 years of experience in the banking sector. He previously worked for HSBC Private Bank in Singapore where he set up the China Team. Prior to that, he was Associate Director of the China Team at DBS Bank where he was awarded the DBS Chairman Award for outstanding achievements on asset growth and revenue generation.
Joel holds a Bachelor’s Degree in Economics from the National University of Singapore.
Other notable bankers that have joined the Bank of Singapore’s Greater China team last year include:
Bankers Based in Hong Kong
Ms Denise Ma joined Bank of Singapore in March 2012 as Senior Relationship Manager. Denise has over 20 years of banking experience and her last held position was Senior Vice President at Clariden Leu Asset Management (HK). Prior to that, she was with UBS Wealth Management for close to six years.
Ms Teresa Fung joined Bank of Singapore in June 2012 as Senior Relationship Manager. A veteran with over 20 years of banking experience, Teresa, was a Senior Client Advisor with UBS AG Wealth Management for close to eight years before joining the bank.
Ms Winnie Wong joined Bank of Singapore in September 2012 as Senior Relationship Manager. Prior to that, Winnie was with BNP Paribas Wealth Management for 15 years as Managing Director, Senior Relationship Manager.
Bankers Based in Singapore
Ms Vanessa Bock joined Bank of Singapore in January 2012 as Senior Relationship Manager. Vanessa has more than 15 years of private banking experience and was previously with HSBC Private Bank in Singapore, prior to joining Bank of Singapore.
Ms Charine Wong joined Bank of Singapore in October 2012 as Senior Relationship Manager. Charine has more than 15 years of private banking experience with various global private banks. Her last held position was Associate-Financial Investment Professional at Goldman Sachs.