Singapore, 16 January 2014 – Bank of Singapore today announced the addition of three experienced bankers to its Hong Kong branch. Led by Mr Tony Ip, a seasoned private banker with more than 30 years of experience, the team will help grow Bank of Singapore’s business in the Greater China market, tapping on opportunities as China continues to be a prominent driver of economic growth in the region.

Commenting on the new appointments, Mr Sermon Kwan, Chief Executive of Bank of Singapore’s Hong Kong branch and Global Marketing Head for the Greater China region said, “As China continues to show signs of growth, its interconnectivity with Asia and the rest of the world will generate strong flows of trade, wealth and capital in the Greater China region. It is therefore timely for us to add experienced and quality talents to our team to grow our market share in this part of the world.”

Bank of Singapore’s business has grown from strength to strength. In the three years since it started operations in January 2010, it has achieved double-digit growth, with assets under management (AUM) doubling to almost USD 46 billion as at 31 December 2013.

Its total staff strength has also increased by 60% from more than 700 staff as at end 2010 to over 1,000 staff by the end of 2013.

Mr Ip joined Bank of Singapore as Managing Director with effect from 13 January 2014 and reports to Mr Sermon Kwan, Chief Executive, Hong Kong Branch & Global Marketing Head for the Greater China region. He has more than 30 years of private banking and wealth management experience, having held key positions in organisations, such as DBS, CIBC and BNP Paribas. His last position was with Standard Chartered Bank in Hong Kong, where he led one of the largest China market teams.

Joining his team would be the following personnel:

• Godwin Ip, Executive Director

Godwin had been the Head of Fixed Income & Foreign Exchange at Standard Chartered Private Bank since 2009. Prior to that, he was a Vice President, leading the Investment Advisory team of the Fixed Income Desk of DBS Bank (Private Banking). Godwin had also worked at Standard Bank Asia Ltd and Commonwealth Bank of Australia previously. He holds a Bachelor of Commerce Degree (Accounting and Economics) as well as a Bachelor of Arts Degree (Chinese and Psychology) from the Monash University of Australia.

• Terence Lau, Director

Terence was previously a Relationship Manager at Standard Chartered Private Bank covering the China market since 2010 and spent close to four years with DBS Private Banking serving high net worth clients. Terence has a background in treasury sales and foreign exchange. Terence holds a Masters Degree (Investment and Finance) from the University of Hull, UK and a Bachelor of Commerce Degree (Marketing and Economics) from the Griffith University of Australia.

• Elaine Cheung, Senior Marketing Associate

Elaine was with Standard Chartered Private Bank since 2001, as a marketing associate supporting private bankers. She started her career with Chase Manhattan Bank in 1993 and had worked in various positions in its consumer banking until 2001 when Chase Manhattan Bank merged with Standard Chartered Private Bank.

• Karen Chui, Marketing Associate

Karen was a Marketing Associate with Standard Chartered Private Bank since 2010. She held a similar position in DBS from 2007 to 2010 and was an International Banking Officer at HSBC since 2000.