OCBC private banking arm to hire 20 relationship managers in Dubai

It's looking to manage the finances of the wealthy in India and the Middle East.

Bloomberg reports that the private-banking arm of OCBC is adding more staff in Dubai, as the Singapore lender seeks a greater role managing the money of the Middle East’s wealthy and of Indians living overseas.

Bank of Singapore plans to hire about 20 relationship managers next year to cater to non-resident Indians and rich people in the Arab world, according to Vikram Malhotra, the bank’s global market head for South Asia and the Middle East. Most of the additions will be based in Dubai, though some will be located in Singapore and Hong Kong to bolster the bank’s non-resident Indian teams in those cities, Malhotra said in an interview last week.

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