The move comes after an interim CEO was appointed to manage the firm.

Bank of Singapore, the private banking arm of Southeast Asia’s OCBC, has appointed private banker Jason Moo as its new CEO, who will start in March 2023. 

He will succeed Bahren Shaari who retired at the end of last year after 13 years with the bank. 

As part of the transition, Vincent Choo, a member of the bank’s board of directors, has been appointed interim CEO. See here for details.

A Singaporean, Moo has more than 25 years of experience in private banking, wealth management and capital markets including 22 years with Goldman Sachs, the firm said in a statement. 

Moo is joining from Swiss bank Julius Baer where he was the head of private banking, Southeast Asia and branch manager Singapore. He has worked in three of the top five global financial markets – New York, Hong Kong and Singapore. 

From 2002 to 2014, Moo helped build the product platform for Goldman Sachs private bank in Asia as the head of market solutions group in private wealth management Asia. Concurrently from 2017 to 2019, he was the CEO for Goldman Sachs (Singapore), the bank said.

Shaari was appointed CEO in 2015. Under his leadership, the bank integrated Barclays Asia after the acquisition, and grew its assets under management from $55 billion to $109 billion, as of 30 September 2022.

Welcoming the move, Lai Teck Poh, chairman of Bank of Singapore said: “We are confident that Jason’s extensive experience and deep industry knowledge will accelerate the momentum of Bank of Singapore’s growth.” 

“Having worked in top global financial markets, Jason will bring a unique set of skills and perspectives to Bank of Singapore. He will build on what Bank of Singapore has already accomplished, sharpen the bank’s strategic direction, and further develop its talent and capabilities. We look forward to welcoming Jason in March,” he added.

The 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.

Based in Singapore, it has branches in Hong Kong and Dubai, with a representative office in Manila. In Europe, the bank serves clients through BOS Wealth Management Europe Société Anonyme's London office and its headquarters in Luxembourg. In Malaysia, it serves its clients through BOS Wealth Management Malaysia.