BoS sets HK AUM target, creates investment advisory council

Bank of Singapore reported a 15% growth in its relationship manager headcount in Hong Kong in the first four months of the year, while announcing its growth plans in the city. Additionally, the bank has also set up an independent investment advisory council.

The private bank’s revenue from wealth planning solutions and advisory in Greater China has more than doubled year on year in 2023, according to Rickie Chan, head of private banking, Greater China and chief executive, Hong Kong branch.

Chan spoke at a media briefing in Hong Kong on 29 May. The private bank announced a target of growing assets under management by 50% in Hong Kong by 2026, compared to end 2023.