Thursday, 25 April 2024

Bank of Singapore appoints head of compliance for DIFC branch

5 min read

Jibu George has been appointed as head of compliance for Bank of Singapore’s DIFC branch in Dubai, effective 1 April 2024.

Jibu joins Bank of Singapore from LGT Private Bank, where he was the chief risk and compliance officer for the Middle East business since 2017. He is a senior compliance and AML practitioner with over 25 years of experience in the UAE and has deep understanding of regional markets and client segments across the Gulf Cooperation Council, the subcontinent, and Africa markets.

Prior to his stint at LGT, Jibu worked in Merrill Lynch, ABN Amro, Dresdner Bank and Barclays. Jibu will be a member of the DIFC Management Committee and will report to Kam Chin Wong, global head of financial crime, and Samuel Huen, global head of legal and regulatory compliance for financial crime compliance and regulatory compliance respectively. He will also report to Ranjit Khanna, head of private banking Europe and Middle-East and chief executive, DIFC branch.

Khanna said: “The UAE and the Middle East region have been important to Bank of Singapore’s strategic growth and will remain so as we continue to strengthen our global footprint."

To enhance our proposition for clients in this region, we continually invest significantly in hiring talent and enhancing technology and infrastructure. Jibu’s appointment, one of many strategic appointments across the bank’s three hubs, ensures that we continue to onboard strong leadership and governance on the ground.

As we focus on building a sustainable and compliant business in the region over the next three to five years, legal governance and regulatory compliance will play an important role.

Khanna added: "I am confident that Jibu's extensive experience and understanding of the region's markets and client segments will be a valuable asset, as we continue to deliver on our strategy.”

Re-disseminated by The Asian Banker

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