OCBC said its expectation was an outcome of unifying its brand across its core markets of China and Southeast Asia to capture the growth opportunity there.
OCBC, also Southeast Asia's second-largest bank by assets, said its expectation was an outcome of its latest move of unifying its brand across its core markets of China and Southeast Asia to capture the growth opportunity there.
"The effects of China's reopening post-pandemic, the rise of ASEAN for the China plus one strategy and other geopolitical factors have amplified this potential," Helen Wong, OCBC's group CEO, said in a statement. It targets to achieve more than 500 regional mandates for cash management over the next five years, it added.China's reopening is a 'mixed blessing' and 'wild card' for 2023, says OCBC BankThe lender will increase the number of corporate and commercial bankers by 30% to about 400 by 2024, with some hires being for its greater China's business office, it said.
Jason Moo, CEO of OCBC's private banking unit — Bank of Singapore, said the bank will grow its team of relationship managers to more than 500 by 2025 from around 400 now.
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