Bank of Singapore Hires 6 Private Bankers in Dubai Office, Barclays Private Bank James Gilmour, Coutts James Bowen & Bianca Yau, Credit Suisse Rachna Oswal, ICICI Bank Chirag Sheth & Dubai International Financial Center (DIFC) Sanjeev Singh
17th July 2024 | Hong Kong
Bank of Singapore (Private Bank) with $110 billion AUM (Assets under Management) has hired 6 private bankers in the Dubai office, with Barclays Private Bank James Gilmour, Coutts James Bowen & Bianca Yau, Credit Suisse Rachna Oswal, ICICI Bank Chirag Sheth & Dubai International Financial Center (DIFC) Sanjeev Singh. Private bankers James Gilmour & James Bowen, Rachna Oswal, Chirag Sheth & Sanjeev Singh cover Gulf Cooperation Council (GCC) & Non-Resident Indian (NRI) region, and Bianca Yau cover the Greater China region. In 2024 June, Bank of Singapore hired Citi Private Bank Lynn Ong as Family Office Advisor in the Family Office & Structuring Solutions. Before joining Citi Private Bank (2022 to 2024), Lynn Ong was with Singapore EDB (Economic Development Board) as Head of Contact (Singapore) for China & Rest of the World (ROW) for more than 4 years (2018 to 2022). Earlier in June 2024, Bank of Singapore hired Singapore sovereign wealth fund GIC Dr Owi S. Ruivivar as Chief Portfolio Strategist. Dr Owi S. Ruivivar has more than 30 years of experience including at Singapore GIC, International Monetary Fund (IMF), and 17 years at Goldman Sachs Asset Management (including founding portfolio manager of Lipper-awarded Emerging Market debt franchise with $60 billion in assets). In 2024 May, Bank of Singapore launched a new CIO Global Advisory Council with 8 members: 1) BlackRock Head of APAC Active Investments Belinda Boa, 2) Blackstone Global Co-CIO Ken Caplan, 3) M&G Investments CIO Equities, Multi-Asset & Sustainability Fabiana Fedeli, 4) Temasek Advisor Senior Director Robin Hu, 5) Goldman Sachs Co-Head for Office of Government Affairs APAC Stewart James, 6) Nomura Asset Management CIO Yuichi Murao, 7) Peterson Institute for International Economics President Adam Posen, and 8) KKR Chief Investment Strategist for Global Wealth Paula Campbell Roberts.
“ Bank of Singapore Hires 6 Private Bankers in Dubai Office, Barclays Private Bank James Gilmour, Coutts James Bowen & Bianca Yau, Credit Suisse Rachna Oswal, ICICI Bank Chirag Sheth & Dubai International Financial Center (DIFC) Sanjeev Singh “
Bank of Singapore Hires Citi Private Bank Lynn Ong as Family Office Advisor in Family Office & Structuring Solutions, Ex-Singapore Economic Development Board Head of Contact for China & Rest of the World
12th June 2024 – Bank of Singapore (Private Bank) with $110 billion AUM (Assets under Management) has hired Citi Private Bank Lynn Ong as Family Office Advisor in the Family Office & Structuring Solutions. Before joining Citi Private Bank (2022 to 2024), Lynn Ong was with Singapore EDB (Economic Development Board) as Head of Contact (Singapore) for China & Rest of the World (ROW) for more than 4 years (2018 to 2022). Earlier in June 2024, Bank of Singapore hired Singapore sovereign wealth fund GIC Dr Owi S. Ruivivar as Chief Portfolio Strategist. Dr Owi S. Ruivivar has more than 30 years of experience including at Singapore GIC, International Monetary Fund (IMF), and 17 years at Goldman Sachs Asset Management (including founding portfolio manager of Lipper-awarded Emerging Market debt franchise with $60 billion in assets). In 2024 May, Bank of Singapore launched a new CIO Global Advisory Council with 8 members: 1) BlackRock Head of APAC Active Investments Belinda Boa, 2) Blackstone Global Co-CIO Ken Caplan, 3) M&G Investments CIO Equities, Multi-Asset & Sustainability Fabiana Fedeli, 4) Temasek Advisor Senior Director Robin Hu, 5) Goldman Sachs Co-Head for Office of Government Affairs APAC Stewart James, 6) Nomura Asset Management CIO Yuichi Murao, 7) Peterson Institute for International Economics President Adam Posen, and 8) KKR Chief Investment Strategist for Global Wealth Paula Campbell Roberts.
Bank of Singapore Hires Singapore GIC Dr Owi S. Ruivivar as Chief Portfolio Strategist, More than 30 Years of Experience Including at Singapore GIC, International Monetary Fund & 17 Years at Goldman Sachs Asset Management
5th June 2024 – Bank of Singapore with $110 billion AUM (Assets under Management) has hired Singapore sovereign wealth fund GIC Dr Owi S. Ruivivar as Chief Portfolio Strategist. Dr Owi S. Ruivivar has more than 30 years of experience including at Singapore GIC, International Monetary Fund (IMF), and 17 years at Goldman Sachs Asset Management (including founding portfolio manager of Lipper-awarded Emerging Market debt franchise with $60 billion in assets). Bank of Singapore (3/6/24): “Bank of Singapore today announced the appointment of a Chief Portfolio Strategist, to solidify the Bank’s strategic focus on cross-asset research, asset allocation and portfolio management. This newly created role will lead the charge in developing a systematic, robust and risk-based multi-asset allocation framework that will guide clients as they build long-term investment portfolios. Dr Owi S. Ruivivar, a seasoned investment manager with over 30 years of experience in economics, investment strategy and portfolio management, has assumed the Chief Portfolio Strategist role today. Based in Singapore, Dr Ruivivar will be a member of the Bank’s investment committee that decides on the strategic and tactical asset allocation calls for clients. She reports to Bank of Singapore’s Global Chief Investment Officer Jean Chia. With quality investment and portfolio advisory at the forefront of Bank of Singapore’s corporate strategy, the appointment is the latest in a concerted series of moves to differentiate the Bank in this area. Since January 2024, the Chief Investment Office (CIO) has been a standalone unit that reports directly to Chief Executive Officer Jason Moo. This year, the Chief Investment Office has also implemented a market leading wealth management and investment management technology platform to enhance the client experience through its client portfolio analysis and portfolio construction capabilities, which is already widely used by asset managers and institutional investors. Bank of Singapore is one of the first private banks in Asia to adopt the platform for private banking clients. In May 2024, Bank of Singapore launched a CIO Global Advisory Council, comprising experts from leading think tanks and asset managers around the world, to augment the Bank’s research capabilities and develop relevant insights for clients.” In 2024 May, Bank of Singapore launched a new CIO Global Advisory Council with 8 members: 1) BlackRock Head of APAC Active Investments Belinda Boa, 2) Blackstone Global Co-CIO Ken Caplan, 3) M&G Investments CIO Equities, Multi-Asset & Sustainability Fabiana Fedeli, 4) Temasek Advisor Senior Director Robin Hu, 5) Goldman Sachs Co-Head for Office of Government Affairs APAC Stewart James, 6) Nomura Asset Management CIO Yuichi Murao, 7) Peterson Institute for International Economics President Adam Posen, and 8) KKR Chief Investment Strategist for Global Wealth Paula Campbell Roberts.
Jean Chia, Global Chief Investment Officer, Bank of Singapore: “Building intellectual capital is a key part of the bank’s strategy to become the top private bank in Asia. In today’s knowledge-driven economy, we aim to enhance our competitive advantage by hiring and developing talent in research and portfolio management capabilities. That is why we have, over the past years, expanded and deepened our research capabilities significantly to cope with a more challenging investing environment in the years ahead. Owi comes with vast experience and deep expertise, and I believe she will become an integral part of a strong and diverse team of investment professionals further differentiating the bank’s investment franchise.”
Dr Owi S. Ruivivar Profile – Dr Ruivivar joins from Singapore’s GIC where she spearheaded investment-oriented thematic research at the Economics and Investment Strategy department. She also led the Future Markets investing team, which oversaw multi-asset investments across private and public markets in frontier Emerging Markets countries. During her tenure, Dr Ruivivar launched the GIC Research Network, which built cross-departmental research communities to leverage insights across the company and scale ideas for the total portfolio’s benefit. Prior to GIC, Dr Ruivivar spent 17 years (2002 – 2019) with Goldman Sachs Asset Management (GSAM) where she was a founding portfolio manager of its Lipper-awarded Emerging Market debt franchise, responsible for over USD 60 billion in assets. She relocated from New York to Singapore in 2010, to establish and oversee GSAM’s Asia fixed income business. Previously, Dr Ruivivar held roles at BNP Paribas and the International Monetary Fund. Dr Ruivivar graduated with a B.A. in Economics (magna cum laude, Phi Beta Kappa) from Harvard University and a Ph.D. in Economics from the Massachusetts Institute of Technology (MIT). In recognition of her academic achievements, she has been awarded various scholarships and fellowships, including the National Science Foundation Graduate Fellowship, the MIT Graduate Fellowship, the John Harvard Scholarship, the Harvard College Scholarship and the Agassiz Scholarship. Dr Ruivivar is fluent in English and French and proficient in Filipino. She is an avid practitioner of Iyengar yoga, and has interests in youth mentoring, surfing, snowboarding, samba dancing, and travelling, amongst other pursuits.
Bank of Singapore Launches New CIO Global Advisory Council with 8 Members: BlackRock Head of APAC Active Investments Belinda Boa, Blackstone Global Co-CIO Ken Caplan, M&G Investments CIO Equities, Multi-Asset & Sustainability Fabiana Fedeli, Temasek Advisor Senior Director Robin Hu, Goldman Sachs Co-Head for Office of Government Affairs APAC Stewart James, Nomura Asset Management CIO Yuichi Murao, Peterson Institute for International Economics President Adam Posen & KKR Chief Investment Strategist for Global Wealth Paula Campbell Roberts
30th May 2024 – Bank of Singapore with $110 billion AUM (Assets under Management) has launched a new CIO Global Advisory Council with 8 members: 1) BlackRock Head of APAC Active Investments Belinda Boa, 2) Blackstone Global Co-CIO Ken Caplan, 3) M&G Investments CIO Equities, Multi-Asset & Sustainability Fabiana Fedeli, 4) Temasek Advisor Senior Director Robin Hu, 5) Goldman Sachs Co-Head for Office of Government Affairs APAC Stewart James, 6) Nomura Asset Management CIO Yuichi Murao, 7) Peterson Institute for International Economics President Adam Posen, and 8) KKR Chief Investment Strategist for Global Wealth Paula Campbell Roberts. Bank of Singapore (30/5/24): “Bank of Singapore today announced the creation of an independent investment advisory council to augment the Bank’s Chief Investment Office’s (CIO) research capabilities and develop relevant insights for its clients. The Bank of Singapore CIO Global Advisory Council comprises experts from leading think tanks and asset managers around the world. The convening of such a diverse group of renowned experts to benefit ultra-high net worth families and high net worth individuals is one of the first-of-its-kind by a private bank in Asia. With increased market uncertainties, it has become even more critical for investors to have a holistic view of the upside and downside risks, as well as structural trends impacting the geopolitical and economic landscape. Timely and diverse insights will help to provide investors with a crucial advantage in identifying attractive risk-adjusted investment opportunities. The Bank of Singapore CIO Global Advisory Council is made up of 8 members who are chosen based on their sterling track records in their respective fields such as economics, public policy, geopolitical analysis, asset allocation and investment management. Their insights are widely sought after and publicised in leading global media publications. Having weathered major financial crises like the global financial crisis in 2008 and the COVID- 19 pandemic in 2020, the Council members are well-versed in the causes and effects of such economic turmoil. As such, the Council is well placed to provide astute analyses for investors.”
The members are:
- Belinda Boa (貝琳婷), Head of APAC Active Investments and Chief Investment Officer
of Emerging Markets, BlackRock - Ken Caplan, Global Co-Chief Investment Officer, Blackstone
- Fabiana Fedeli (菲比安娜 费德丽), Chief Investment Officer, Equities, Multi-Asset
and Sustainability, M&G Investments - Robin Hu (胡以晨), Asia Chair, Milken Institute and Advisor Senior Director, Temasek
- Stewart James (詹韶华 高盛), Co-Head, Office of Government Affairs APAC, Goldman Sachs
- Yuichi Murao (村尾祐一), Chief Investment Officer, Nomura Asset Management
- Adam Posen (亚当 波森), President, Peterson Institute for International Economics
- Paula Campbell Roberts (宝拉 坎贝尔 罗伯茨), Chief Investment Strategist for
Global Wealth, KKR
Jean Chia (谢佩华), Global Chief Investment Officer (环球首席投资官), Bank of Singapore: “Building intellectual capital is a key part of the bank’s strategy to become the top private bank in Asia. In today’s knowledge-driven economy, we are enhancing our competitive advantage by investing in research capabilities, which includes convening this global advisory council that complements our in-house insights. The council pools together a group with valuable knowledge and deep expertise, strengthening our value proposition of becoming the go-to bank for investment advice and advisory and discretionary portfolio management.”
Quality investment and portfolio advisory as a key differentiator
- With quality investment and portfolio advisory at the forefront of Bank of Singapore’s corporate strategy, the formation of the CIO Global Advisory Council is one of the latest in a concerted series of moves to differentiate the Bank in this area.
- Since January 2024, the Chief Investment Office has been a standalone unit that reports directly to Chief Executive Officer (首席执行官) Jason Moo (巫毅盛). The Chief Investment Office sets the asset allocation framework, investment views and securities research, while the advisory and discretionary portfolio management teams manage the clients’ assets in alignment with their return expectations and risk appetite.
- While the CIO Global Advisory Council offers complementary insights, the Bank’s house view – which guides investment decisions – is built upon the Chief Investment Office’s in-house research, investment strategy and asset allocation expertise.
- This year, the Chief Investment Office has also implemented a market leading wealth management and investment management technology platform to enhance the client experience through its client portfolio analysis and portfolio construction capabilities, which is already widely used by asset managers and institutional investors. Bank of Singapore is one of the first private banks in Asia to adopt the platform for private banking clients.
Bank of Singapore
Bank of Singapore is the dedicated private banking subsidiary of OCBC. Backed by OCBC’s strong credit ratings of Aa1 by Moody’s and AA- by both Fitch and S&P, it offers a unique value proposition as a safe Singapore-registered private bank. Its open-architecture product platform backed by strong research capabilities provides clients with first-class private banking and bespoke wealth planning solutions. It is also able to leverage OCBC’s capabilities to extend its clients a broad array of services across the OCBC’s regional and international network. Bank of Singapore serves high net worth individuals and wealthy families in its key markets of Asia, Greater China, the Indian subcontinent and other international markets. Headquartered in Singapore, Bank of Singapore has branches in Hong Kong and DIFC (Regulated by the DFSA), with a representative office in Manila. In Europe, the bank serves clients through BOS Wealth Management Europe Société Anonyme (S.A.) which is headquartered in Luxembourg and has a London office. In Malaysia, it serves its clients through BOS Wealth Management Malaysia Berhad. Its strong performance has won it numerous industry recognitions. Bank of Singapore was named Best Overall Asia Private Bank by WealthBriefing Asia and World’s Best for ESG Investing by Euromoney in 2023.
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