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.
It’s a case of déjà vu for Singapore’s DBS, which has lost out to local rival OCBC – as in the ING private bank deal in 2010 – in the race for Barclays’ Asian wealth unit. UOB was also bidding.
The head of fund solutions at the private bank – one of its most senior product selectors – has left the firm, sparking speculation about her next move.
The head gatekeepers at the private bank owned by OCBC spoke to AsianInvestor about how they select funds for the platform.
Jan Lee joins BoS as chief economist and Alistair Marsh is appointed head of trading advisory and product development, as Mark Chan moves to ABN Amro Private Banking.