What we said…

“Asian Private Banker’s Employer of the Year accolade is one of the flagship prizes at our Awards for Distinction, and as such our Judging Panel is looking for a distinctive player in the wealth space that is able to attract and – just as crucially – retain top private banking talent in the region. Key to this is visionary leadership, a clear and ambitious strategy, and having the compensation and HR policies in place to attract the best of the best to the organisation,” said Daniel Shane, editor of Asian Private Banker and head of the Judging Panel at the Awards for Distinction 2024.

“It is fair to say that UOB Private Bank has all of these characteristics in spades, and much of this is down to the strong and inspired leadership of Chew Mun Yew, who has hired around 100 bankers to the Singapore-based player since taking up the regional mantle in 2022. That recruitment drive is part of UOB Private Bank’s ambitious plot to hit US$150 billion in AUM by 2026.

“The bank’s success in hiring speaks to the burgeoning resonance of the UOB brand in the regional private banking landscape, with the lender identifying talent able to deepen its penetration in the fast-growing Southeast Asia entrepreneur demographic. But it is not just a question of hiring bankers with the right regional connections, but those who understand an increasingly sophisticated investment platform – from discretionary portfolio management to private markets – and how holistic wealth planning fits in with client requirements. On all of those fronts, UOB Private Bank is making significant progress.

“Asian Private Banker is delighted to announce that UOB Private Bank is the recipient of our annual Employer of the Year prize at the Awards for Distinction 2024. We would like to congratulate everyone at UOB on their success and wish them ongoing good fortune in Asia’s private banking landscape.”