Bank of Singapore Welcomes New CEO

OCBC’s private banking arm, Bank of Singapore, officially announced the successor to chief executive Bahren Shaari who retired in December.

According to a statement, Bank of Singapore appoints Jason Moo as chief executive officer, effective March 6. Moo will replace Vincent Choo, a board member who assumed the role of interim CEO on January 1 following the retirement of ex-CEO Bahren Shaari on December 31.

Moo, a Singapore national, has more than 25 years of experience in private banking, wealth management and capital markets, most recently at Julius Baer as its Southeast Asia head of private banking and Singapore branch manager. Previously, he also spent 22 years at Goldman Sachs, leading various private banking units in Asia.

We are confident that Moo’s extensive experience and deep industry knowledge will accelerate the momentum of Bank of Singapore’s growth, said chairman Lai Teck Poh. He will build on what Bank of Singapore has already accomplished, sharpen its strategic direction, and further develop its talent and capabilities.

Shaari joined Bank of Singapore in 2009 and was named CEO in 2015. Under his leadership, the bank integrated Barclays’ private wealth business in Asia while nearly doubling assets under management from $55 billion to $109 billion, as of 30 September 2022.

I’m immensely grateful and proud of the 13 years I’ve spent at Bank of Singapore, Shaari said in a social media post.

I’m also thankful for the opportunities and guidance given to me throughout my more than 30-year private banking career, in particular by my former boss Marcel Kreis during UBS days and my predecessor at Bank of Singapore Bing De Guzman, both of whom played a critical role in this journey that has taken me to where I am today.