Bank of Singapore launches Europe wealth management unit

Singapore

BANK of Singapore, the private banking arm of OCBC Bank, officially announced the launch of its wealth management subsidiary BOS Wealth Management Europe (BOSWM) on Wednesday. BOSWM, which is headquartered in Luxembourg and has a branch in London, was conceived to serve Europe's growing ultra-high net worth population.

Heading BOSWM is chief executive officer Anthony Adriano Simcic, who will be responsible for the overall strategy, governance, commercial development and implementation of BOSWM's activities in the European Economic Area and the UK. Prior to joining BOSWM, Mr Simcic was the managing director of HSBC Private Bank in Luxembourg. He reports directly to Olivier Denis, BOS's global market head for Singapore, Malaysia and International.