Bank of Singapore winds down Luxembourg operations

It has pivoted its focus on deepening its UK presence and has named a new general manager.

Bank of Singapore (BOS) is winding down its operations in Luxembourg as it pivots all its focus to expanding its UK presence.

BOS is refocusing on deepening its presence in the UK through its London office, said Ranjit Khanna, head of private banking Europe & Middle East and chief executive, DIFC Branch, Bank of Singapore. 

“The United Kingdom is a strategic market for us and our parent company OCBC whose presence in London spans more than 50 years,” Khanna said in a statement.

BOS’s London office is targeting ultra-high net worth individuals and families in the UK, a task assigned to its newly appointed general manager Rob Woodthorpe Browne.

Browne joins from SG Kleinwort Hambros, where he was the head of Key Clients, Entrepreneurs & International Private Banking.

Prior to that, Browne was the head of relationship management at Julius Baer covering International Clients. Rob has also held senior roles across Coutts, Adam & Company and BNP Paribas in the United Kingdom.