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Bank of Singapore eyes Southeast Asia expansion

The Bank of Singapore (BOS) has announced plans to expand its coverage in the Southeast Asia region. The private banking arm of OCBC has opened a wealth management entity in Malaysia to capture growth opportunities. Known as BOS Wealth Management Malaysia (BOSWM Malaysia), the entity will provide customised wealth management solutions and investment advisory services to its ultra-high and high net worth clients in Malaysia. Malaysia will become the first market after Singapore where OCBC has a comprehensive onshore presence in its core business pillars in banking, wealth management, and insurance. BOS chief executive Bahren Shaari said there is potential for this market to develop and flourish. BOSWM Malaysia will be led by chief executive Teh Chi-Cheun, who is a veteran finance professional with over 25 years of experience in investment and asset management.

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