Bank of Singapore mulling China onshore presence

A JV with a local partner is likely.

OCBC's private banking unit exploring the feasibility of launching an onshore presence in China either with a domestic partner or on its own, said Bahren Shaari, Bank of Singapore's CEO.

Speaking at the Reuters Global Wealth Management Summit, Shaari said that the bank is looking to explore partnerships, joint ventures or other methods in which the bank can bring its offshore expertise to an onshore setup which already has a good client base.

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