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Bank of Singapore to hire more wealth managers in Dubai

Bank of Singapore Ltd. plans to hire more bankers, mostly in Dubai, as it sees strong growth in assets under management in the Middle East and from wealthy overseas Indians, Bloomberg News reported Dec. 19, citing Vikram Malhotra, the company's global market head for South Asia and the Middle East.

The company aims to hire about 20 relationship managers in 2018 to cater to non-resident Indians and wealthy individuals in the Middle East, Malhotra said, adding that some of the new hires will be based in Singapore and Hong Kong. Bank of Singapore opened a Dubai branch in February and has about 45 wealth managers in the city.

Bank of Singapore is a unit of Oversea-Chinese Banking Corp. Ltd.