OCBC's private banking unit eyes hiring more relationship managers

It added 20 relationship managers in Hong Kong this year.

OCBC's Bank of Singapore CEO Bahren Shaari said the group intends to keep hiring more relationship managers and focus on serving a wealthier bracket of customers to keep expanding its assets under management.

In an interview with Bloomberg, he said the unit of OCBC added 20 relationship managers in Hong Kong this year, taking its total to slightly more than 400. The minimum amount a client must keep with the firm to qualify for its private-banking services will eventually be raised to $5m in a few years’ time, from $2m currently, he said.

Watch the interview and read the story here.

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