OCBC’s private banking arm has hired a former UBS executive for its Europe business, finews.asia has learned.
Jan Boes will join Bank of Singapore (BOS) as team head for Europe, sources told finews.asia, effective October 1. Based in Luxembourg, he reports to Lionel Dormann, CEO of BOS wealth management Europe.
Boes has extensive experience in client advisory as well as client and business strategy for the ultra-high net worth and family office segments in Europe and Asia Pacific. He was most recently working at UBS, where he spent around 19 years, including the past eight years in Singapore.
When contacted, a spokesperson for the bank confirmed the hire.
Hiring Spree
Bank of Singapore has been on a hiring spree amid plans to increase the number of relationship managers to 500 and assets under management to $145 billion by the end of 2025. In early August, the bank said that it had already added a dozen relationship managers in 2023 and it recently hired ex-Credit Suisse executive Jacky Ang as its chief operating officer.
The growth plans will contribute to broader goals at parent group OCBC, including the delivery of S$3 billion ($2.2 billion) in incremental revenue during the same period.
