BOS hires more wealth managers for clients in Middle East
Singapore
THE private banking arm of Oversea-Chinese Banking Corp is adding more staff in Dubai, as the Singapore lender seeks a greater role managing the money of the Middle East's wealthy and of Indians living overseas.
Bank of Singapore (BOS) plans to hire about 20 relationship managers next year to cater to non-resident Indians and rich people in the Arab world, according to Vikram Malhotra, the bank's global market head for South Asia and the Middle East. Most of the additions will be based in Dubai, though some will be located in Singapore and Hong Kong to bolster the bank's non-resident Indian teams in those cities, Mr Malhotra said in an interview last week.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly