According to a statement, Jason Moo joins Bank of Singapore as CEO with effect from March 6. Moo will take over for Vincent Choo, a board member who was appointed temporary CEO on January 1 after ex-CEO Bahren Shaari announced his resignation on December 31.
The most recent position Moo had was as Julius Baer's Southeast Asia head of private banking and Singapore branch manager. Moo, a Singaporean national, has more than 25 years of expertise in private banking, wealth management, and capital markets. He previously worked for 22 years at Goldman Sachs, where he led several private banking divisions throughout Asia.
"We are confident that Moo's extensive experience and deep industry knowledge will accelerate the momentum of Bank of Singapore’s growth," said chairman Lai Teck Poh. "He will build on what Bank of Singapore has already accomplished, sharpen the bank’s strategic direction, and further develop its talent and capabilities."
2009 saw Shaari join Bank of Singapore, and 2015 saw him promoted to CEO. As of 30 September 2022, the bank's assets under management under his direction nearly doubled from $55 billion to $109 billion, integrating Barclays' private wealth division in Asia.
"I’m immensely grateful and proud of the 13 years I’ve spent at Bank of Singapore," Shaari said in a social media post.
"I’m also thankful for the opportunities and guidance given to me throughout my more than 30-year private banking career, in particular by my former boss Marcel Kreis during UBS days and my predecessor at Bank of Singapore Bing De Guzman, both of whom played a critical role in this journey that has taken me to where I am today."