Bank of Singapore (BoS), the private banking arm of Oversea-Chinese Banking Corporation (OCBC), announced that it has appointed Jason Moo as its new CEO on Jan 3.
BoS’s announcement comes after Bloomberg’s article on Dec 26, 2022.
Moo will succeed Bahren Shaari officially from March 6 onwards.
Shaari retired on Dec 31, 2022, after 13 years with BoS. He was appointed CEO in 2015. Under Shaari’s leadership, BoS grew its assets under management (AUM) from US$55 billion ($73.75 billion) to US$109 billion as at Sept 30, 2022. Vincent Choo, a member of BoS’s board of directors, assumed the role of interim CEO on Jan 1, 2023.
Moo comes with over 25 years of experience in private banking, wealth management and capital markets. This includes 22 years in Goldman Sachs, as well as time spent in New York, Hong Kong and Singapore. From 2017 to 2019, Moo was the CEO for Goldman Sachs (Singapore).
Moo joins BoS from Julius Baer where he was head of private banking, Southeast Asia and branch manager Singapore.
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“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,” says Lai Teck Poh, chairman of BoS.
