Dubai – Mubasher: Bank of Singapore, a subsidiary of OCBC Bank, forecasts that assets under its management in Dubai would surge by more than 20% in 2018, the bank’s head for South Asia and Middle East Vikram Malhotra told Reuters.
Assets managed by the Singaporean lender in Dubai rose by 30% since launching in the Dubai International Financial Centre (DIFC) a year ago, Malhotra noted.
The private banking arm of OCBC is seeking to join around 25 relationship managers to its Dubai office by 2020, he highlighted.
In December 2017, Bank of Singapore unveiled that it is planning to recruit further employees in its Dubai office.
