Bank of Singapore, the private banking unit of Oversea-Chinese Banking Corp (OCBC), is expanding its family office business in Hong Kong, as it is bullish about its growth prospects in the city and mainland China.
It has increased its headcount, mainly relationship managers and senior bankers, by 15 per cent in mainland China, Hong Kong, Macau and Taiwan in the first four months of this year, CEO Jason Moo said. Assets under its management in these markets have risen by 10 per cent between 2021 and 2023, he added.
Source: TRADE FINANCE
