OCBC Plans to Add Up to 50 Wealth Bankers in Hong Kong This Year

Oversea-Chinese Banking Corp. plans to expand its wealth-management staff in Hong Kong by 30% this year in response to growing clients’ demand for investments and financing.

Singapore’s second-largest lender will add between 30 and 50 relationship managers in the city as income from the wealth business there is set to rise five-fold since 2023, according to Josephine Lee, OCBC’s head of Hong Kong consumer financial services. A new category of services targeting those with at least $1 million is being added this year too, she said at a briefing.