Bank of Singapore, the private banking subsidiary of OCBC Bank, has appointed Bahren Shaari as its new CEO. The new appointment will be effective from February 1, 2015. Shaari replaces Renato de Guzman, who will retire as CEO in January 2015.

Shaari has over 25 years of banking experience and was part of the management team at ING Asia Private Bank (IAPB) that moved to Bank of Singapore in January 2010 when it was acquired by OCBC Bank. Prior to that, he was Managing Director of UBS Wealth Management, where he headed the Southeast Asia and Australia marketing team.