OCBC bulks up in battle for Asia's billionaires

Beating rival Singapore bidders DBS and UOB, OCBC has gained a leg-up in the regional race for relationship managers by buying Barclays's Asia private banking business.

Oversea-Chinese Banking Corp emerged as the winner on Thursday from a fierce fight to buy Barclays’s private banking business in Singapore and Hong Kong with a $320 million (S$434 million) cash bid.

¬ Haymarket Media Limited. All rights reserved.

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