However, RHB analyst Leng Seng Choon says in a flash note on Thursday that the impact is likely to be small.
SINGAPORE (May 11): RHB Research believes OCBC Bank’s acquisition of National Australia Bank’s private wealth business in Hong Kong and Singapore is likely to be positive for its overall wealth management business.
The segment accounted for close to a third of OCBC’s total income in 1Q17.
