Market Chatter: OCBC to Expand Hong Kong Wealth Management Workforce by 30%

MT Newswires05-15 14:27

Oversea-Chinese Banking Corp. or OCBC (SGX:O39) outlined plans to increase its wealth management staff in Hong Kong by 30% in 2026 to meet growing investment and financing demand, according to a report by Bloomberg on Friday.

The bank is looking to hire at least 30 relationship managers, according to Josephine Lee, head of consumer financial services at OCBC Hong Kong.

The lender will also introduce a specialized Premier Private Client tier targeting affluent individuals holding assets of at least $1 million, the report added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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