CIC Banque Privée has added to its banking team in Singapore, this publication can exclusively report.

CIC Banque Privée, the private banking arm of Crédit Industriel et Commercial, has boosted the private banking headcount in Singapore with two senior hires.

This publication understands that Lily Toh has been appointed as a senior director and team leader. Toh was previously with BSI in Singapore. (BSI, which is headquartered in Lugano, is up for sale by its parent, the Italian insurer Generali. Grupo BTG Pactual, Latin America's largest independent investment bank, is in exclusive talks to buy BSI.)

Joining Toh is former team head from CIMB Private Bank, Christopher Chin, who has been appointed as a senior private banker.

He will report to Bruno Morel, head of private banking for CICBanque Privéein Singapore.

This is not the first time that a former BSI banker has joined CIC Banque Privée. Last year, WealtBriefingAsia exclusively reported that Mani Sitaraman had been appointed managing director and market head for the non-resident India and South Asia client segment.

He was previously managing director at BSI Bank Singapore and head of wealth management services at that firm; prior to that, Sitaraman was executive vice president at RBS Coutts (now Coutts), where he was market head, South East Asia and NRI Asia.