People Moves

EFG Singapore Brings In Former Top-Level Private Banker At ABN AMRO

Tom Burroughes Group Editor 5 December 2016

EFG Singapore Brings In Former Top-Level Private Banker At ABN AMRO

This publication can confirm the hire of a former Southeast Asia private banking head by EFG in Singapore.

EFG Singapore, which recently completed its acquisition of BSI, has recruited Lee Chang Tze as deputy chief executive and co-head of the private bank, this publication can confirm. He replaces the head of private banking who left earlier this year.

Chang Tze was previously ABN AMRO’s head of private banking for Southeast Asia and was also its location head for Singapore, where he supervised the products and solutions team and shared responsibilities for credit risk management, compliance and human resources.

He has more than 26 years’ experience in private banking and was initially a private banker covering the Indonesian market.

In his new role, Tze will work with Oliver Balmelli, deputy CEO and co-head of private banking. Balmelli, a Swiss national, has been in Singapore for more than 10 years. He was previously the business head for BSI Singapore.

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