Bank of Singapore appoints Paul Chua as global head of wealth planning

Chua spent 18 years with UBS Wealth Management prior to his new role.

Bank of Singapore has appointed Paul Chua (蔡源按) as its Global Head of Wealth Panning, effective beginning 28 June. He will replace Tariq Salem, who will focus exclusively on his role as Head of Structured Solutions Group.

In his new role, Chua, 51, is expected to drive the expansion and innovation of the bank’s wealth planning, family office, trust and succession offerings. He will reportedly lead a team that provides holistic solutions and advisory services to ultra-high and high net worth families across Bank of Singapore’s core markets in Southeast Asia, Greater China, Middle East, and Europe.

Chua will be based in Singapore and will report to Lim Leong Guan, Global Head of Products.

Chua has over 30 years of tax and wealth planning experience in advising ultra-high net worth and multi-generational families on the structuring of their estate, succession, and wealth transfer strategies, according to Bank of Singapore.

Prior to joining the bank, he spent 19 years with UBS Wealth Management, where he was the Head of Wealth Planning Singapore helped develop UBS’ wealth planning,
trust and advisory offerings across Southeast Asia and North Asia. Chua holds a Bachelor of Commerce degree from the University of Melbourne, where he majored in Accountancy and Business Law.

Chua’s appointment comes at a key period of expansion for the Bank of Singapore’s Global Investors and Family Office segment.The bank’s clients in this segment have a net worth of at least $250m.

The number of family office clients onboarded to Bank of Singapore more than tripled in 2020, compared with the year before.