OCBC has seen its head of financial institutions credit risk management switch over to its private banking arm, Bank of Singapore, at the same time bagging a top-level promotion.

OCBC has seen its head of financial institutions credit risk management switch over to its private banking arm, Bank of Singapore, at the same time bagging a top-level promotion, this publication can confirm.

William Shak joined Bank of Singapore earlier this year as its global chief risk officer, replacing Leander Jansen, who left for personal reasons, a spokesperson for the bank told this publication.

Recent hires

In January, Bank of Singapore appointed eleven veteran bankers to its Greater China team, a move that signifies the ambitions of this firm in Asia's biggest economy.

The hires comprised seven bankers for the Hong Kong office and four in Singapore, bringing the firm's total Greater China headcount to almost 100. Three of the 11 are team heads, namely Michael Chan, Nancy Jin and Joel Lim. Both Chan and Jin are Hong Kong-based, while Lim is based in Singapore. 

Prior to joining the firm in August 2012, Chan was senior vice president at Coutts Hong Kong. In his new Hong Kong-focused role, he reports to Edward Chow, managing director and market head of Greater China. 

Jin was previously the managing director of Guosen Securities (Hong Kong) Asset Management and joined Bank of Singapore in November 2012. Focusing on the offshore China market for BoS, she reports to Dr Johnson Xu, managing director and market head of Greater China, based in Hong Kong. 

Lim used to be part of HSBC Private Bank in Singapore, where he set up the China team. He joined BoS in May 2012 and reports to Arthur Fong, managing director and market head of Greater China, based in Singapore.

As of 30 November 2012, the bank's assets under management records a 30 per cent rise from 2010 to $41 billion.