Bank of Singapore’s (BOS) chief executive, Renato de Guzman, will retire on 31 January 2015.
He will be succeeded by banking veteran, Bahren Shaari, currently senior managing director and global marketing head of South East Asia for BOS. Shaari will officially replace de Guzman as the bank’s CEO on 1 February 2015.
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In October 2014, de Guzman was named Outstanding Private Banker – Asia Pacific by Private Banker International. PBI also named BOS the Outstanding Private Bank, South East Asia in 2014, and Outstanding Private Bank, Asia Pacific in 2013 and 2011.
de Guzman was appointed CEO of Bank of Singapore in January 2010, having headed the former ING Asia Private Bank (IAPB) for 10 years before IAPB was acquired by OCBC Bank. Post 31 January 2015, de Guzman will remain at the bank as senior advisor till 30 June 2015.
On the appointment of the new CEO, Ching Wei Hong, chairman of BOS, said: "Shaari will lead Bank of Singapore in its next phase of growth as Asia’s global private bank – a standalone private bank with global open-architecture product platform and a strong banking presence deeply rooted in Asia."
Before joining BOS in 2010, Shaari was managing director of UBS AG Wealth Management, where he headed the South East Asia and Australia marketing team.
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