Bank of Singapore Nets Ex-UBS Wealth Planning Veteran

Bank of Singapore bolsters its business with the hire of a 30-year wealth planning veteran from UBS.

Bank of Singapore hires Paul Chua as its global head of wealth planning, according to a statement, effective June 28 this year.

In his Singapore-based role, Chua reports to global head of products Lim Leong Guan.

Chua succeeds Tariq Salem who remains with the bank to focus exclusively on his role as head of structured solutions group.

Chua has over 30 years of tax and wealth planning experience in advising ultrahigh net worth and multi-generational families on the structuring of their estate, succession, and wealth transfer strategies.

He was most recently with UBS where he spent 19 years, last as its Singapore head of wealth planning.

Aside from exemplary leadership qualities, Chua is known as an industry veteran who extends a personal touch when dealing with clients, said Lim, who also joined Bank of Singapore from UBS last year. We are confident that he will be a key addition to our wealth planning team to help develop deeper and more meaningful relationships with our clients.

At a minimum net worth of $250 million, Bank of Singapore is increasingly focused on the family office segment which has seen clients onboarded triple in 2020 compared to 2019.

The bank also hired Carrie Ng as head of single-family office advisory – a newly created role – in March this year and Joanna Ho as the Greater China and North Asia head of wealth planning last year.