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News - Detailed News Story

OCBC Bank

Stock Chart
Last Done 10.950
Change -0.080 (-0.73%)
Volume 2,704.2
Range 10.910 - 11.060

BOS hires head of bespoke investments for Greater China and North Asia

22 Aug 2019 09:00

Mr Teo joins from Credit Suisse where he was director of equity capital markets in Hong Kong.

By Rachel Mui

BANK of Singapore (BOS), the private banking arm of OCBC Bank, has appointed Kelvin Teo as head of bespoke investments for Greater China and North Asia, amid the rise of ultra high net worth (UHNW) clients in the region.

"As part of the bank's UNHW bespoke investments team, Mr Kelvin Teo will avail unique and exclusive investment opportunities to UHNW clients in Greater China and North Asia," BOS said in a press statement on Tuesday.

It added that these opportunities, which have been gaining traction among UHNW clients, include direct investment opportunities in regional unicorns (startups valued at over US$1 billion) and decacorns (startups valued at more than US$10 billion), as well as bespoke solutions in the areas of buyout funds, and property-related financial instruments.

Each BOS UHNW client has investable assets of at least US$30 million with the firm, the bank noted.


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Source: Business Times
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