Bank of Singapore has seen its gatekeeper for mutual and hedge funds leave in recent weeks, leaving industry observers speculating as to her likely destination. Chandrima Das had been with the OCBC-owned private bank as head of fund solution for nearly three years.
AsianInvestor could not determine her next destination, and BoS could not comment by press time about why she left or who would replace her.
One recruiter noted that there are couple of big banks that need to hire in senior positions on the product side in Asia. “You’ll probably see more moves like this in the coming months,” he noted, pointing to Credit Agricole's private bank as one possible candidate to hire Das.
The firm did not provide comment by press time.
Others have speculated that she might be moving to Sarasin, given that a team of BoS relationship managers covering non-resident Indians left to join the Swiss bank in March.
Das has 17 years’ experience in the wealth and asset management industries across Asia and the UK. Before joining BoS in January 2012, she had been with ING Investment Management since the end of 2008, most recently as Singapore chief executive.
Prior to that, Das had worked for Prudential Asset Management, M&G Investments, Standard Chartered Bank and Kotak Securities
BoS, which had $51 billion in AUM as of June 30, was formed in 2010 by the merger of OCBC’s private bank with ING’s Asian private bank business.
It has a 140-strong product group and is currently moving to boost its alternatives capabilities, as reported. It is building a new investment and operational due diligence framework for hedge funds and planning to offer more bespoke private equity investments to its more sophisticated clients.