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Bank of Singapore Appoints Derrick Tan as Global Market Head for Greater China & North Asia and Chief Executive in Hong Kong
Bank of Singapore has appointed Derrick Tan as Global Market Head for Greater China & North Asia in January 2018, and assumed the role of Chief Executive in Hong Kong, with effect from 6th March 2018. He takes over from Sermon Kwan, who will remain as Senior Advisor.
” BOS Appoints Derrick Tan as Global Market Head for Greater China & North Asia and Chief Executive in Hong Kong “
Derrick has close to 20 years of banking experience. He had joined Bank of Singapore in 2010 and was appointed to the Management Committee as the Global Market Head for Malaysia, Brunei, Japan, Sub-Continent and Middle East in 2014. Prior to Bank of Singapore, Derrick was with UBS and HSBC.
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Bahren Shaari, Chief Executive Officer of Bank of Singapore:
“Hong Kong, as one of our three strategic hubs, has been integral to the growth of Bank of Singapore since its inception. It serves as our springboard to serve the rising wealth in China from an offshore basis. With the push for deeper economic integration within the Greater Bay Area which Hong Kong is part of, Hong Kong’s role will be more crucial. I am confident that Derrick, with his strong banking background, people leadership skills and proven management capabilities, will be able to lead our Hong Kong branch and Greater China franchise in its next phase of growth.”
“Sermon has served Bank of Singapore with great distinction over his 16 years with us, playing a critical role in building our Hong Kong branch from scratch. Under his stewardship, our Greater China franchise has expanded significantly; AUM has grown by more than two times in the last three years. Staff strength has increased by about 40% as well. A large part of this is due to Sermon’s strong leadership and keen understanding of the Greater China market. Without which, we would not be where we are today in this region.”
Bank of Singapore is the private banking subsidiary of OCBC Bank, the longest established Singapore bank. Incepted in 2010, Bank of Singapore is consistently ranked as the leading private bank in Singapore and Southeast Asia. It is headquartered in Singapore, which has a burgeoning reputation as an established centre for wealth management globally and in Asia.
As at 31 December 2017, Bank of Singapore’s AUM stood at US$99 billion, 25% higher than a year ago.
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