Bank of Singapore Appoints Dubai Compliance Head Expands ME Presence

03 Apr, 2024

Bank of Singapore Appoints Dubai Compliance Head, Expands ME Presence

Bank of Singapore, a major player in Asia's private banking sector, has announced the appointment of Jibu George as the compliance head for its Dubai International Financial Centre (DIFC) branch. This move, effective immediately, underscores the bank's commitment to expanding its presence in the Middle East region.

Ranjit Khanna, the head of private banking for Europe and the Middle East at Bank of Singapore, emphasized the strategic importance of the UAE and the broader Middle East in the bank's growth trajectory. He reaffirmed the institution's dedication to bolstering its global footprint in this vital market.

As the private banking arm of Oversea-Chinese Banking Corporation (OCBC), Bank of Singapore aims to fortify its business in the Middle East over the next three to five years. Khanna highlighted the significance of this initiative in driving the bank's long-term growth strategy.

George brings extensive experience his new role, having previously served as chief risk and compliance officer LGT Private Bank's Middle East operations. His background includes positions at renowned financial institutions such as Merrill Lynch, ABN Amro, Dresdner Bank, and Barclays.

This appointment underscores Bank of Singapore's commitment to regulatory compliance and its ambition to become a leading player in the Middle East's financial landscape.