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OCBC not outsourcing bancassurance; it's core part of business: CEO

CEO Samuel Tsien (left) and chairman Ooi Sang Kuang at OCBC's AGM on Monday. Mr Tsien says the insurance pillar also works with OCBC's other businesses, such as wealth management and corporate banking.


OCBC Bank, Singapore's second largest lender, said on Monday that bancassurance remains a core part of its business, when asked if the bank would consider outsourcing it to another partner as its local peers have done.

Speaking to about 1,500 shareholders at the bank's...

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