DBS Private Banking hires first CIO and COO

Standard Chartered veteran Lim Say Boon will take up the investment head post, while Oliver Crespin has joined from Citi Private Bank as chief operating officer.
Lim Say Boon: Developing a global asset-allocation strategy
Lim Say Boon: Developing a global asset-allocation strategy

Following its recent snaring of Tan Su Shan from Morgan Stanley, Singapore's DBS Private Bank has made two more big hires and six other appointments. These signal a shift in client advisory strategy and the growth of the firm's non-resident Indian NRI and Middle Eastern client businesses. 

Lim Say Boon will join in October as chief investment officer CIO for the wealth-management business. He will spearhead the development of a global asset-allocation strategy with a strong Asia focus for DBS's clients.

The firm did have a chief strategist in the past, but Lim's role is an expanded one, as it covers both the private-banking and...

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