Who's Moving Where In Wealth Management? – Bank Of Singapore, FalconX

Editorial Staff

22 June 2024

Bank of Singapore
has appointed Melanio Manjoy Lazaro (pictured) as market head and chief representative of its Philippines representative office.

Lazaro reports to Robin Heng. The appointment took effect immediately.

At BoS for more than a decade, Manjoy was most recently appointed the interim chief representative of the Philippines rep office in September last year.

The Philippines’ wealth management market is expected to reach $121.5 billion this year and the sector’s AuM is expected to rise at a compound annual growth rate of 2.86 per cent between now and 2028 (source: Statista).

In other moves, Bank of Singapore in December 2023 appointed Shovit Sahai as head of product management group. He is based at the bank’s Dubai International Financial Centre branch.

FalconX
CFTC-registered cryptocurrency swap dealer. It is backed by investors including Accel, Adams Street Partners, Altimeter Capital, American Express Ventures, B Capital, GIC, Lightspeed Venture Partners, Sapphire Ventures, Thoma Bravo, Tiger Global Management and Wellington Management.

The company has offices in Silicon Valley, New York, London, Hong Kong, Bengaluru, Singapore and Valletta.