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On The Move
Bank of Singapore CEO to retire
Renato de Guzman will retire as chief executive officer of the Bank of Singapore on January 31 2015. To ensure a smooth transition, he will remain at the bank as senior advisor until June 30 2015
The Asset 13 Nov 2014
Renato de Guzman will retire as chief executive officer of the Bank of Singapore on January 31 2015. To ensure a smooth transition, he will remain at the bank as senior advisor until June 30 2015. He will be succeeded by Bahren Shaari, currently senior managing director and global marketing head of Southeast Asia. He will assume the role of CEO on February 1 2015.
 
De Guzman was appointed CEO in January 2010, having helmed the former ING Asia Private Bank (IAPB) for 10 years before IAPB was acquired by OCBC Bank. Under his leadership, he steered the renamed Bank of Singapore, rapidly expanding the regional management teams with highly qualified professionals and developing a leading product, research and advisory platform.
 
Bank of Singapore’s assets under management (AUM) doubled from US$23 billion in January 2010 when it was launched and crossed the US$51.1 billion mark as at  September 30 2014.
 
Shaari, who has more than 25 years of banking experience, was part of the management team at IAPB that moved over to Bank of Singapore in January 2010. Prior to that, he was managing director of UBS AG Wealth Management, where he headed the Southeast Asia and Australia marketing team. He holds an accountancy degree from the National University of Singapore.
 

    

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