Bank of Singapore with $110 Billion AUM Appoints Top Private Banking Leader Jason Moo as CEO, Succeeds Bahren Shaari Who Retires after 32 Years in Banking
3rd January 2023 | Singapore
Bank of Singapore with $110 billion AUM (Assets under Management) has announced the appointment of top private banking leader Jason Moo as Bank of Singapore CEO (6th March 2023), following CEO Bahren Shaari recent announcement on his retirement after 8 years as Bank of Singapore CEO and 32 years in Banking including UBS, ING Asia Private Banking). Top private banking leader Jason Moo joins from Julius Baer where he last held the role of Head of Private Banking Southeast Asia & Branch Manager Singapore and had spent 21 years at Goldman Sachs including senior executive appointments as Goldman Sachs CEO Singapore, and Regional Head of Private Wealth Management Southeast Asia & Australia. Earlier in December 2022, Bank of Singapore CEO Bahren Shaari announced his retirement after nearly 8 years since his appointment as Bank of Singapore CEO in February 2015, growing the private banking AUM (Assets under Management) from $51.1 billion in 2015 to over $110 billion in 2022.
“ Bank of Singapore with $110 Billion AUM Appoints Top Private Banking Leader Jason Moo as CEO, Succeeds Bahren Shaari Who Retires after 32 Years in Banking “
Jason Moo, Top Private Banking Leader Goldman Sachs & Julius Baer
In 2017, Goldman Sachs appointed Jason Moo as CEO in Singapore, taking over from Frederick Towfigh who became a retired partner and advisory director. Jason Moo had been with Goldman Sachs since 1998, starting as a financial analyst and becoming Managing Director in 2007. In 2020, Jason Moo left Goldman Sachs and joined Julius Baer as Head Private Banking South East Asia.
Related:
- Top Private Banking Leader Jason Moo Resigns from Julius Baer, 21 Years at Goldman Sachs Including CEO Singapore and Regional Head of Private Wealth Management Southeast Asia & Australia
- Bank of Singapore CEO Bahren Shaari Announces Retirement, 32 Years Veteran Banker Including UBS & ING and Appointed as CEO in 2015 and Grew Private Banking AUM from $50 Billion to $110 Billion in 2022
Bank of Singapore CEO Bahren Shaari Announces Retirement, 32 Years Veteran Banker Including UBS & ING and Appointed as CEO in 2015 and Grew Private Banking AUM from $50 Billion to $110 Billion in 2022
16th December 2022 – Bank of Singapore CEO Bahren Shaari announced his retirement after nearly 8 years since his appointment as Bank of Singapore CEO in February 2015, growing the private banking AUM (Assets under Management) from $51.1 billion in 2015 to over $110 billion in 2022. Bahren Shaari, who has over 32 years of banking experience including UBS (Managing Director of Wealth Management, Head of South East Asia & Australia), was part of the management team of ING Asia Private Bank, which OCBC Group acquired and established as Bank of Singapore in 2009. Bank of Singapore is a wholly owned subsidiary of OCBC Bank, Southeast Asia’s second largest bank. OCBC Group Chief Risk Officer Vincent Choo Nyen Fui is appointed interim Bank of Singapore CEO with effect from 1st January 2023.
Bank of Singapore Bahren Shaari on Linkedin 17th Dec 2022 – “Since the announcement of my retirement, I have been heartened by the many well wishes from all quarters. Thank you all for your kind messages.
I’m immensely grateful and proud of the 13 years I’ve spent at Bank of Singapore, Asia’s Global Private Bank. It has been a great privilege for me to work with a team of dedicated colleagues who are the best at what they do.
I’m also thankful for the opportunities and guidance given to me throughout my more than 30-year private banking career, in particular by my former boss Marcel Kreis during UBS days and my predecessor at Bank of Singapore Bing De Guzman, both of whom played a critical role in this journey that has taken me to where I am today.
A key lesson I’ve learnt as CEO is that you can never go wrong when you invest in people and relationships. My greatest reward has been finding people who shared those same values and sense of purpose, working alongside them, and delivering work that I am proud of.
I’m really looking forward to the next chapter of my life. Thank you once again, dear friends and colleagues – both past present – for being part of my journey at Bank of Singapore. Here’s wishing you happy holidays and all the very best. Do stay in touch.”
Bahren Shaari, Bank of Singapore CEO
Bahren Shaari is the Chief Executive Officer of Bank of Singapore, the private banking subsidiary of OCBC Bank. He has more than 30 years of banking experience. In 2016, he was conferred the Singapore Institute of Banking and Finance Distinguished Fellow award, in recognition of his significant contribution to the financial industry and outstanding leadership capabilities. Bahren was appointed to the National University of Singapore’s Board of Trustees on 1 June 2021. He also serves as a director on the board of SPH Media Holdings. Bahren is a member of the Council of Presidential Advisers and served as an alternate member from April 2017 to January 2020. Bahren was conferred the Public Service Star Medal in 2018. He was awarded the Public Service Medal in 2008.
Bahren is married with three children and graduated with an accountancy degree from the National University of Singapore.
Vincent Choo Nyen Fui, Interim Bank of Singapore CEO
OCBC Group Chief Risk Officer Vincent Choo Nyen Fui is appointed interim Bank of Singapore CEO with effect from 1st January 2023.
Vincent Choo Nyen Fui was appointed Executive Vice President and Group Chief Risk Officer (GCRO) of OCBC on 1 August 2014. As GCRO, he covers the full spectrum of risk, including Credit, Cyber & Information Security, Liquidity, Market, Operational, and Environmental Social Governance (ESG). In addition to his capacity as GCRO, he was appointed as Group Chief Information Security Officer (CISO) on 1 March 2022. He reports jointly to both Group CEO and the Board Risk Management Committee of OCBC Bank. Mr Choo joined OCBC from Deutsche Bank AG where his last appointment was Managing Director and Chief Risk Officer for Asia Pacific. He is a Director of Bank of Ningbo Ltd and a member of Management Board of NUS Risk Management Institute. Mr. Choo holds a Master of Arts in Economics from University of Akron, USA, and he is an IBF Distinguished Fellow.
Bank of Singapore
Bank of Singapore is a wholly owned subsidiary of OCBC Bank, Southeast Asia’s second largest bank. Headquartered in Singapore, Bank of Singapore operates from a strong and open economy. We are one of the fastest growing private banks in Asia, offering a structured and consistent approach – an open architecture product platform with robust research capabilities to deliver a total risk-based solution customised to each client’s needs. As we are strategically positioned to serve our clients across the globe with our network of offices, they also enjoy access to our parent company’s full suite of investment and commercial banking solutions such as financing, insurance and brokerage services.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
