Banker Jason Moo to be Bank of Singapore's new chief executive (updated)
03/01/2023 04:18
(Adds details, context; paragraph 2 onwards)
By Yantoultra Ngui
SINGAPORE, Jan 3 (Reuters) - One of Asia's largest
private banks, Bank of Singapore, has appointed Jason Moo,
formerly of wealth manager Julius Baer, as its new chief
executive from March 6, the bank said on Tuesday.
Part of Singapore's second-biggest listed lender OCBC
OCBC.SI , the bank said Moo would succeed Bahrin Shaari, who
retired on December 31 after 13 years with it. urn:newsml:reuters.com:*:nL4N3390WH
"Having worked in top global financial markets, Jason will
bring a unique set of skills and perspectives," its chairman,
Lai Teck Poh, said in a statement.
The appointment comes at a time of growing competition in
Asia's private banking industry as global wealth management
firms battle to expand their share in a fast-growing market.
Bank of Singapore had total assets under management of $109
billion by Sept. 30 last year.
In December, Zurich-based Julius Baer said Moo would leave
his role as head of private banking for Southeast Asia. Moo was
also manager of its Singapore branch. urn:newsml:reuters.com:*:nFWN3352MD
Prior to joining Julius Baer in 2020, Moo worked at Goldman
Sachs for more than two decades, most recently as its Singapore
chief executive and head of Southeast Asia and Australia for
private wealth management.
(Reporting by Yantoultra Ngui; Editing by Muralikumar
Anantharaman and Clarence Fernandez)
((Yantoultra.Ngui@thomsonreuters.com;))