A new CIO takes the helm at the Singapore-headquartered private bank.

Bank of Singapore has appointed Rajeev De Mello as its chief investment officer. He reports to Marc Van de Walle, global head of products.

The role means that de Mello, a Swiss national, will oversee the research and investment strategy teams that produce Bank of Singapore’s house views across and within all financial asset classes. He will be the chairman of the bank’s investment committee that decides on the global strategic and tactical asset allocations calls for clients.

De Mello replaces Johan Jooste, who is the bank’s new head of rates (a newly-formed position).

As part of his position, de Mello will also manage the bank’s discretionary portfolio management function.

De Mello has more than 30 years of experience in global financial markets. In Asia, where he has spent a total of 14 years, de Mello has worked in Hong Kong and Singapore. Based in Singapore since 2005, he was most recently the head of Asian fixed income and co-head of emerging market debt at Schroders Investment Management overseeing the investment teams in Singapore, Hong Kong, Jakarta Taipei and Tokyo.

He has also been chairman of the Investment Management Association of Singapore’s Development Committee since 2013.  De Mello has also been a member of the Singapore Foreign Exchange Markets Committee in the last three years.