UOB to persist with organic growth in private banking
Singapore
UOB does not rule out acquisitions in the private banking space, but is choosing to tap its large pool of commercial clients, rather than actively pursuing acquisitions to scale up, said its head of private banking.
This comes as the bank has changed up performance indicators of commercial bankers to include a referral of clients to the private banking segment, said Ong Yeng Fang, who has been leading the business for about 21/2 years now.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Kraft Heinz misses sales estimates as higher prices deter customers
Marriott boosts full-year profit view after mixed Q1 results
J&J advances US$6.48 billion settlement of talc cancer lawsuits
US holds quarterly debt sale steady, starts buybacks this month
US dollar nears six-month high after pre-Fed data shock, yen steady
KFC parent Yum reports surprise drop in global same-store sales on weak demand