Low Wei Ling joins as Bank of Singapore OCBC group executive director, with the remit to hire bankers and grow the business in Singapore and international markets for private banking, according to a statement emailed to this publication. She reports to Jeffrey Tan, managing director and Singapore market head.

Low served at Singapore and foreign financial institutions for over 20 years, including Goldman Sachs, BHI Swiss Private Banking and Citigroup, and most recently served as executive director and head of private banking for Singapore and global markets at Standard Chartered Bank in Singapore. 

She has specialised in business areas covering ultra high net worth individuals, their families and institutions in Singapore and internationally. She serves the Monetary Authority of Singapore Private Banking Advisory Group and the private banking industry group PBIG. 

The hire was announced shortly after OCBC posted its results for the first quarter of 2014, where the the group posted a 29 per cent year-on-year net profit due to strong growth across the board. Overall income from wealth management activities, covering insurance, private banking and asset management, rose 10 per cent to S$572 billion ($456 billion).