Bank of Singapore has appointed Joanna Ho in the newly created role of head of wealth planning for Greater China and North Asia, according to a statement from the bank.
Based in Hong Kong, Ho will be responsible for expanding the bank’s wealth planning, family office, trust, succession and insurance offerings and provide holistic solutions and advisory to clients in Greater China and North Asia.
Ho will report locally to Angel Wu, head of product management group for Hong Kong and functionally to Tariq Saleim, Singapore-based global head of lending products, credit structuring and wealth planning.
Ho was previously HSBC Private Banking’s head of wealth planning for Asia-Pacific, where she was responsible for delivering wealth structuring strategies, as well as trust and insurance solutions, to high net worth individuals, with a focus on the Greater China clients, according to the statement.
BOS believes that families in Greater China are set to see an unprecedented transfer of wealth in the next decade.
“A senior hire will now deepen Bank of Singapore’s expertise in helping them deal with complex wealth management and investment planning issues to protect and grow wealth across generations,” the bank said in the statement.
Ho’s appointment also follows the hire of Kelvin Teo as head of bespoke investments for Greater China and North Asia in August. Teo was previously Credit Suisse’s director of equity capital markets, where he covered Greater China.
However, the bank has also lost some of its executives. Jeffrey Yen, who was previously the bank’s head of strategic alliances, joined Deutsche Wealth Management as head of China onshore wealth management. Anson Sng, who headed the bank’s discretionary portfolio management for 11 years, also left the bank last year to head independent asset management firm Raintree Asset Management.
Headquartered in the Lion City, Bank of Singapore has branches in Hong Kong and the Dubai International Financial Centre and a representative office in Manila, according to the statement. It also operates in Malaysia as BOS Wealth Management Malaysia. Elsewhere, the bank also opened its wealth management business subsidiary in Luxembourg last year to build up its client base in Europe.
