Bahren Shaari

Chief Executive Officer
Bank of Singapore

IBF Distinguished Fellow (2016)

Wealth Management

"A successful leader requires the support of a team that has the right attitude and shared values - of teamwork, integrity, fair dealing and service with passion. I am grateful for the unstinting support from my colleagues at Bank of Singapore. This honour is also theirs."

Biography

Bahren Shaari is the Chief Executive Officer of Bank of Singapore.

Prior to this appointment, he was Global Market Head of its Southeast Asian business from 2010 to January 2015 and was instrumental in establishing the bank’s market-leading position in Indonesia and Malaysia, tripling its combined assets under management. As a member of the senior management committee, Bahren was deeply involved in strategic initatives to drive business expansion which included the development of a robust client-centric advisory process that delivered significant revenue growth.

Under his stewardship as Chief Executive Officer, the Bank continues to grow despite challenging market conditions. In 2015, Bank of Singapore was among only 5 private banks in Asia to achieve more than 5% growth in AUM and close to a 10% increase in net new money despite challenging market conditions. Return on assets was almost 30% higher than the industry.

Bank of Singapore also retained recognition as Best Private Wealth Management Bank in Singapore and Southeast Asia, 2010 to 2016 by Alpha Southeast Asia, amongst other awards.

The latest distinction added to Bank of Singapore’s list of achievements is the acquisition of Barclays Bank PLC’s Wealth and Investment Management business in Singapore and Hong Kong in 2016, adding scale and deepening Bank of Singapore’s presence in its core Asian markets.

A well-respected banker with more than 25 years of private banking experience, Bahren is a firm believer of people development and of building a talent pool of private bankers with deep understanding of client’s needs and a passion for service.

Bahren is an executive committee member of the Private Banking Industry Group (PBIG) which shapes private banking competency standards of Singapore’s wealth management sector. He is often profiled by the media for his perspectives on the private banking industry and financial markets.

Bahren holds an accountancy degree from the National University of Singapore.  He was conferred the Singapore Institute of Banking and Finance Distinguished Fellow award in 2016, in recognition of his significant contribution to the financial industry and outstanding leadership capabilities.

He is active in public service and is currently a board member of the Singapore Press Holdings Limited where he serves as chairman of its audit committee. Bahren was conferred the Public Service Medal in 2008 by the President of Singapore.