Bank of Singapore creates global advisory council; hires chief portfolio strategist | FinanceAsia

Bank of Singapore creates global advisory council; hires chief portfolio strategist | FinanceAsia

To support the Chief Investment Office’s ( CIO ) research capabilities and gain insight from clients, Bank of Singapore established an independent investment advisory council.

According to a statement from the bank, eight members of the CIO Global Advisory Council have been chosen based on their track records in finance, public policy, political research, resource allocation, and purchase control. &nbsp,

The members are: Belinda Boa, head of Apac engaged investments and key investment officer of emerging markets, BlackRock, Ken Caplan, world co- key investment officer, Blackstone, Fabiana Fedeli, key investment officer, equities, multi- asset and sustainability, M&amp, G Investments, Robin Hu, Asia chair, Milken Institute and advisor senior director, Temasek, Stewart James, co- head, office of government affairs Apac, Goldman Sachs, Yuichi Murao, chief investment officer, Nomura Asset Management, Adam Posen, president, Peterson Institute for International Economics, and Paula Campbell Roberts, chief investment strategist for global wealth, KKR.

Jean Chia, global chief investment officer, Bank of Singapore, said in the declaration:” Building intellectual money is a vital part of the company’s strategy to become the best personal bank in Asia. We are investing in research capabilities in today’s knowledge-driven economy, including creating a global advisory council that complements our internal insights.

Since January 2024, the CIO has reported to Bank of Singapore’s chief executive officer Jason Moo. According to the statement, the CIO oversees the asset allocation framework, investment views, and securities research, while the advisory and discretionary portfolio management teams oversee client assets. &nbsp, &nbsp,

While the CIO Global Advisory Council will offer insights, the Bank of Singapore’s house view– which guides investment decisions – uses the CIO’s in- house research, investment strategy and asset allocation expertise, the bank explained. &nbsp,

The CIO established a wealth management and investment management technology earlier this year that asset managers and institutional investors use. One of the first private banks in Asia to adopt the platform for private banking clients is Bank of Singapore. &nbsp,

Bank of Singapore is owned by OCBC, and has offices in Singapore, Hong Kong, Malaysia, the UK, Luxembourg and Dubai, and a representative office in the Philippines, according to its website. &nbsp,

Rickie Chan introduced the Hong Kong branch’s position as its chief executive on April 17. Chan added it to his role as head of private banking, Greater China, and replaced Cindy Wong, whose last day at the bank was May 31, 2024. She became the Hong Kong branch’s CEO in 2021 after joining the Bank of Singapore in November 2015. &nbsp,

New chief portfolio strategist

Additionally, the Bank of Singapore has appointed a chief portfolio strategist. Owi Ruivivar, who has over 30 years of experience in economics, investment strategy and portfolio management, has assumed the new role, starting on June 3.

Ruivivar, who is based in Singapore, will be a member of the bank’s investment committee, which decides client requests for strategic and tactical asset allocation. She reports to Chia.

The newly created position will assist in the creation of a” systematic, robust, and risk-based multi-asset allocation framework that will guide clients as they build long-term investment portfolios,” according to a statement.

Ruivivar started at the department of economics and investment strategy at Singapore’s GIC, where she oversaw the department’s investment-focused thematic research. She also served as the head of the team responsible for investing in future markets, which managed multi-asset investments in emerging markets countries. Prior To GIC she spent 17 years with Goldman Sachs Asset Management.

Chia said:” In today’s knowledge- driven economy, we aim to enhance our competitive advantage by hiring and developing talent in research and portfolio management capabilities”.

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