Home Industry Wealth Management OCBC Successfully Acquired NAB Private Wealth in Singapore and Hong Kong

OCBC Successfully Acquired NAB Private Wealth in Singapore and Hong Kong

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OCBC Successfully Acquired NAB Private Wealth in Singapore and Hong Kong

OCBC continues to expand its wealth business by completing the acquisition of National Australia Bank’s (NAB) Private Wealth business in Singapore and Hong Kong.

” OCBC Acquires NAB Private Wealth Business in Singapore and Hong Kong “

The announcement made on 11th May 2017, was to complete the acquisition by November 2017.  NAB’s Private Wealth business in Singapore was completed on the 10th November 2017 while the Private Wealth business in Hong Kong is expected to complete on the 24th November 2017.  In Hong Kong, the acquisition is done through its wholly-owned subsidiary, OCBC Wing Hang Bank.

Source: finews.asia, Regulatory Filing

 

About OCBC

OCBC Bank
OCBC Bank

OCBC (SGX:O39) is the longest established Singapore bank — it was born out of the Great Depression through the consolidation of three banks in 1932: the Chinese Commercial Bank Limited (incorporated in 1912), the Ho Hong Bank Limited (incorporated in 1917) and the Oversea-Chinese Bank Limited (incorporated in 1919). It operates its banking business as OCBC Bank, Bank OCBC NISP, OCBC Wing Hang China, OCBC Al-Amin, and Bank of Singapore in over 18 countries and territories.

  • Origin : Singapore
  • Assets : SGD 390.19 billion
  • Revenue : SGD 8.72 billion
  • Employees : 29,000

Official Website: www.ocbc.com



News & Media: Press Release

Updated on 8th August 2016




Are you a CEO, Entrepreneur, UHNW, HNW or Professional Investor searching for $3 million to $300 million financial services? Find corporate banks, private banks, loans, capital and more at The Financial Centre | TFC. Register here for private access.

Spending millions and months searching for $3 million to $300 million clients. Finding clients just got easier. Let CEOs & Entrepreneurs and UHNWs & HNWs find you in seconds. Learn more

Managing, investing and advising millions & billions of assets in Asia? Join more than 10,000 ++ leading financial professionals at Caproasia.com | Become a Caproasia user here or sign up for Newsletter here and join 6,000 ++ leading financial professionals.

Caproasia.com is the leading platform for information, data, research and resource for the financial industry in Asia. Collectively, they manage more than $20 trillion assets in Asia in Investments, Fund Management, Asset Management, Private Banking, Wealth Management, Multi-Family Office, Family Office, Private Equity and Hedge Funds.