Over 10 Barclays RMs said to be be leaving before OCBC takeover
Sources said they will be moving to Stanchart, which had earlier hired global private banking head from Barclays
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Singapore
STANDARD Chartered plc has stepped up its hiring from Barclays plc's private banking team in Hong Kong ahead of the transfer of the business to OCBC Bank, in a move that underscores the stiff competition for wealth managers in Asia.
More than 10 Barclays relationship managers in Hong Kong are joining Standard Chartered, which is expanding its wealth business in the region after hiring global private banking head Didier Von Daeniken from Barclays in March, said people familiar with the matter, who asked not to be named as the move has not been disclosed.
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