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SINGAPORE: OCBC Bank is looking to develop a new long-term strategy as its previous five-year horizons two plan winds up at the end of the year.
Speaking at the bank's Annual General Meeting on Friday, its chief executive officer David Connor said the new plan will chart the bank's directions from 2011 and beyond.
Mr Connor said the management will get together to work but no further details were given.
Another concern raised at the AGM included challenges on integrating operations between OCBC private bank and its recently acquired ING Asia Private Bank.
The new entity named Bank of Singapore is now headquartered at Republic Plaza in the city.
The shareholder asked what is being done to retain relationship managers and their clients, after a recent media report about OCBC private bankers threatening to quit over fallout from the ING merger.
On that, Mr Connor clarified that five bankers have asked to leave and not 10 as reported.
He also said that it is not unusual for private bankers to jump ship when the market is hot.
Mr Connor added that the Bank of Singapore, on its part, is also recruiting talent from other banks.
Speaking at the bank's Annual General Meeting on Friday, its chief executive officer David Connor said the new plan will chart the bank's directions from 2011 and beyond.
Mr Connor said the management will get together to work but no further details were given.
Another concern raised at the AGM included challenges on integrating operations between OCBC private bank and its recently acquired ING Asia Private Bank.
The new entity named Bank of Singapore is now headquartered at Republic Plaza in the city.
The shareholder asked what is being done to retain relationship managers and their clients, after a recent media report about OCBC private bankers threatening to quit over fallout from the ING merger.
On that, Mr Connor clarified that five bankers have asked to leave and not 10 as reported.
He also said that it is not unusual for private bankers to jump ship when the market is hot.
Mr Connor added that the Bank of Singapore, on its part, is also recruiting talent from other banks.
