Bank of Singapore hires Rajeev De Mello as CIO

NZ Super steals Future Fund's top investment strategist for CIO; Franklin Templeton grabs portfolio duo from Fullerton; Manulife gets strategy officer from Metlife; UBS AM names China head; Allfunds hires investment solutions head, Aprea gains new chief, and more.

The two private banks have struck a deal that industry observers say makes sense for the firms and their clients and reflects a rising trend for wealth management alliances.

Hou Wey Fook, head of managed investment solutions at the private bank, outlines how his team incorporates active and passive funds in client portfolios, and its use of consultants.

The private banking arm of OCBC said it sees merit in investing into the unpopular asset class, as well as factor-based strategies and investments into innovative technology.