PRIVATE banking veteran Jason Moo was named on Tuesday (Jan 3) as the next chief executive officer (CEO) of OCBC’s private banking arm, Bank of Singapore, with effect from Mar 6, 2023.

Moo, a Singaporean, will be joining the Bank of Singapore from Julius Baer, where he was most recently head of private banking for South-east Asia and branch manager for Singapore.

He will take over from interim CEO Vincent Choo, a board member of the private bank who assumed the role on Jan 1 this year following Bahren Shaari’s departure on Dec 31, 2022. Shaari retired after seven years into the role, and a total of 13 years with Bank of Singapore.

Moo is best known for spending more than two decades with Goldman Sachs.

He served as CEO of Goldman Sachs’ Singapore unit from 2017 to 2019, while concurrently heading the group’s private banking business in South-east Asia as region head of South-east Asia and Australia. Prior to that, he helped to build the product platform for Goldman Sachs’ private bank in Asia, as the head of its market solutions group for private wealth management in Asia, from 2002 to 2014.

Bank of Singapore chairman Lai Teck Poh said: “Having worked in top global financial markets, Jason will bring a unique set of skills and perspectives to Bank of Singapore. He will build on what Bank of Singapore has already accomplished, sharpen the bank’s strategic direction, and further develop its talent and capabilities.”

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News of Moo’s appointment confirmed earlier media reports that he was set to become the new chief at OCBC’s private banking unit.

Citing an unnamed source, Bloomberg last week said that he had left Julius Baer in mid-December 2022, after joining the Swiss institution in 2020, and had been hired to succeed Shaari. Both Moo and a spokesperson of the private bank declined to comment at the time.