Bank of Singapore, the private banking arm of OCBC Bank, has launched a European wealth management subsidiary, BOS Wealth Management Europe (BOSWM).
Heading the Luxembourg-headquartered subsidiary is Chief Executive Officer Anthony Adriano Simcic, while Liz Bottomley is the General Manager of the UK branch of BOSWM, based in London, reporting to Simcic.
BOSWM presently has 30 employees across its Luxembourg and London offices and plans to continue hiring strategically.
Bank of Singapore Chief Executive Officer, Bahren Shaari, says: “This is an important milestone for Bank of Singapore. Europe has always been an integral part of our business. The setting up of BOS Wealth Management Europe in two leading financial hubs further deepens our commitment to serving the ultra-high and high net worth individuals in this region.”
Prior to the set-up of BOSWM, Bank of Singapore had been serving its European clients from its Singapore headquarters and through its parent company OCBC Bank’s London office.
