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Bank Of Singapore Poaches New MD From Merrill Lynch
Vanessa Doctor
17 May 2010
Bank of Singapore, the subsidiary of OCBC, has just named Aseem Arora as managing director and head of strategic initiatives and new markets for the Indian subcontinent, Reuters reports. In April, BoS said it will not be affected by the departure of a number of employees, as it is recruiting from other private banks, according to the group’s chief executive, David Conner. Media reports had said ten private bankers had asked to leave Bank of Singapore, formed when OCBC acquired ING’s Asian private banking subsidiary and merged it with its own private banking business.
Arora is the managing director and global head of NRI markets at Merrill Lynch International Bank in Singapore and has 16 years of experience in the wealth management industry. The news service said that in his new role he will still be based in Singapore.
The bank has yet to confirm the change with WealthBriefingAsia.