Bank of Singapore has released more details about the appointment of its new CIO, including team changes at the Asian firm as it absorbs business units from Barclays.

More details have emerged about the appointment of Johan Jooste, who was recently named chief investment officer at Bank of Singapore, as reported here recently.

Jooste, whose appointment is subject to regulatory clearance, “will be the latest of several strategic hires that Bank of Singapore has made over the past year to enhance its product management capabilities as clients choose to entrust more of their assets with the dedicated private bank,” the bank said. BSI is owned by Oversea-Chinese Banking Corp, listed in Singapore.

Upon Jooste’s appointment, Hou Wey Fook will relinquish his position as CIO to focus exclusively on his role as head of managed investments, which BoS said is an “area of growing importance”. Hou will be responsible for managing and growing Bank of Singapore’s managed investment solutions, which include discretionary portfolio mandates, mutual funds, hedge funds and private equity funds.

Bank of Singapore has also structured a team of industry specialists to drive its expansion into managed investments. The team includes Tang Hsiao Ching, head of advisory and sales (she joined on 19 October 2015), and Edward Moon, senior product specialist (he joined on 4 April 2016).

Via its OCBC parent, Bank of Singapore in early April agreed to acquire the Barclays Wealth and Investment Management businesses in Singapore and Hong Kong.