The company was founded in 1932 and is headquartered in Singapore. The Others segment includes property and investment holding operations. The Insurance segment offers fund management, as well as life and general insurance. The Global Treasury and Markets segment deals with foreign exchange rates, money market, fixed income and derivatives trading, and structured treasury products. The Global Wholesale Banking segment provides a range of financing solutions including long-term project financing, short-term credit, working capital and trade financing, as well as customized and structured equity-linked financing. The Global Consumer or Private Banking segment offers checking accounts, fixed deposits, savings, consumer loans, credit cards, wealth management products, and brokerage services. It operates through the following business segments: Global Consumer or Private Banking, Global Wholesale Banking, Global Treasury & Markets, Insurance, and Others. engages in the provision of financial and banking services. National Australia Bank Ltd /SG & HK Private Wealth Business/ You need to convert a minimum of 25,000 OCBC (10,000 miles) at one go, versus 1,000 Travel (1,000 miles) The conversion rate, however, negates the advantages. Converting OCBC to KrisFlyer miles attracts a 25 conversion fee, while it’s free to convert Travel. The Global Consumer or Private Banking segment offers checking accounts, fixed deposits, savings, consumer loans, credit cards, wealth management products, and brokerage services. OCBC expire after 2 years, while Travel don’t expire. The acquisition of Hong Kong's Wing Hang Bank in 2014 is part of plans to accelerate business expansion in greater China. OCBC also increased its stake in insurance company Great Eastern Holdings to around 87% in 2008. Renamed as Bank of Singapore, it now operates as the private banking arm. The bank completed its acquisition of ING Asia Private Bank in 2010 to boost its wealth management business. OCBC has been actively seeking to expand its business beyond corporate and commercial banking through mergers and acquisitions. He assumed the title of global head of Global Corporate Bank in 2008. Tsien was president and CEO of the Asian arm of Bank of America prior to joining OCBC in 2007 as senior executive vice president. The current largest shareholder is Lee Foundation, a charitable organization in Singapore formed by Lee Kong Chian, one of the three leaders of OCBC at the time of establishment. (OCBC) was established through a consolidation of Chinese Commercial Bank, Ho Hong Bank and Oversea-Chinese Bank, in 1932.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |