Renato de Guzman, Bank of Singapore
In our search for these outstanding representatives, Asian Private Banker contacted stakeholders across the market – private bankers, product providers, industry veterans, and clients. These interactions, which were both candid and comprehensive, yielded unequivocal admiration for Renato de Guzman, CEO, Bank of Singapore, from his colleagues, competitors, and clients.
“Bing” as he is known throughout the ranks at Bank of Singapore – an institution he was instrumental in founding – inspires almost unparalleled commendation across banking circles. An apt manifestation of the determination these awards recognise, he has steered his institution and his clients through two major financial crises, ensuring both have benefitted from the equanimity and constancy that are his hallmark.
Many accomplishments vie for recognition during the course of his multi-decade career, but establishing not one but two successful private banking platforms, first at ING Asia Private Bank and later at Bank of Singapore, is perhaps de Guzman’s magnum opus. Indeed, his reputation as one of the pioneers of private banking in Asia has helped Bank of Singapore to build a legion of loyal staff and clients almost exclusively by word-of-mouth in geographies as varied as the Philippines, Indonesia, Malaysia, and Dubai.
An industry stalwart in the truest sense of the word, de Guzman is a vocal proponent of Singapore as a global private banking hub and has worked tirelessly with competitors and legislators alike to help real- ise the city-state’s potential to become one. But it is in his stewardship of Bank of Singapore – growing assets under management from US$22 billion at the time of its launch in January 2010 to US$51 billion as of September 2014 – that he has most distinguished himself.
A singular synthesis of tenacity, sagacity, and affability, Renato de Guzman is the deserving winner of the Private Banker of the Year award in 2014.