Market Chatter: OCBC to Expand Wealth Operations in Indonesia with Hiring Drive after HSBC Assets Acquisition

MT Newswires

Jun 23

Singapore-based Oversea-Chinese Banking Corporation (SGX:O39) plans to double its wealth advisers in Indonesia, Bloomberg News reported Tuesday, citing OCBC Indonesia head Parwati Surjaudaja.

The lender also aims to increase its relationship manager headcount to 400 by the end of 2026 through hiring and internal transfers, as client assets in Indonesia have rose 11% to 127 trillion rupiah, Surjaudaja told the news agency.

The hiring is part of OCBC's expansion plan following its May agreement to acquire HSBC's (HKG:0005) retail and wealth management business in Indonesia.

OCBC's shares were up nearly 1% in recent trade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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This information is believed to be from reliable sources but may include rumor and speculation. 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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0737861269.HKD","symbol_name":"FIDELITY ASEAN \"A \" (HKD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2645007980","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2645007980","pubTimestamp":1782188514,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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