OCBC’s private banking arm has made changes to its senior team, including the appointment of a chief executive for the Dubai International Financial Centre branch.
Bank of Singapore has appointed Lim Leong Guan (LG) as head of private banking, Middle East, South Asia & International, according to a statement. Based in Dubai, he will also become chief executive of the bank’s Dubai International Financial Centre (DIFC) branch, subject to regulatory approval.
“LG is a seasoned private banker with a proven track record and is one of our most experienced management committee members. Appointing him to lead the Dubai team underscores its importance as a key hub alongside Singapore and Hong Kong,” said Bank of Singapore CEO Jason Moo.
The bank’s former DIFC chief Ranjit Khanna reportedly left earlier this year to take on a senior role at Zurich-based EFG International.
Financial intermediaries business
Lim joined Bank of Singapore in 2020 as global head of products and since 2024, he has been the global head of financial intermediaries (FIM), family office, and wealth advisory, leading the team to more than double assets under management from FIMs in two years. FIMs, which includes intermediaries like external asset managers, is the one of bank’s fastest-growing segments.
Lim has a 35-year career in private banking including 25 years at UBS Wealth Management, where he held senior management roles including Asia Pacific head of wealth planning and Singapore head of investment products and services.
With Lim’s appointment, Annabelle Chow, head of financial intermediaries, will be the global segment lead for the business and report to Vi Sun Yang, who will join Bank of Singapore as head of private banking, ASEAN, on June 29.
UHNW strategy
According to Moo, Lim, Yang and Rickie Chan, private banking head of Greater & North Asia as well as Hong Kong branch chief, have a “strong mandate” to drive the ultra-high net worth (UHNW) strategy, which is key to the bank’s next phase of growth.
“Adopting this market-led model for our UHNW strategy will help us to quickly and decisively grow this business. I have every confidence in their ability to capture opportunities in their respective markets,” Moo added. “The FIM business also continues to be in good hands, led by Annabelle. Her experience and acumen position her well to grow the business which, alongside the UHNW segment, is a key driver for the Bank.”
