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OCBC hires new director from its big Singaporean rival

OCBC in Singapore has hired Min Chen from DBS in a director-level role covering global financial institutions in Greater China.

Chen joined Singapore’s second largest lender last month, in a move which demonstrates the rising demand for Singapore-based bankers with mainland knowledge and networks.

She had been with DBS since early 2020 as a relationship manager covering “official institutions”, including central banks, supranationals, and sovereign wealth funds, according to her LinkedIn profile.

Educated at the elite Renmin University of China, Chen started her banking career with a stint of almost 10 years at ICBC. Initially based in Beijing in the financial institutions division, she relocated to Singapore in 2016 and became deputy head of the Singapore branch of the bank’s FI Centre for Southeast Asia.

Mandarin-speaking bankers are in demand in both investment banking and private banking in Singapore as Chinese corporates, financial institutions, and wealthy individuals continue to invest in the city state.

Private banks in Singapore are staffing up on relationship managers to cover Greater China. For example, Bank of Singapore, OCBC’s private banking offshoot, hired Sharon Ho in June from HSBC as an executive director and team head for Greater China.

Earlier this year, Julius Baer hired Wai Meng Loh from UOB as a team head for Greater China, and BNP Paribas took on Ruth Chung from Pictet as market head of Greater China.

Image: unsplash

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AUTHORSimon Mortlock Content Manager

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