Bank of Singapore Ltd
A subsidiary of the OCBC Group
101 Cecil St, #01-01 Tong Eng Building, Singapore 069533, Singapore
Management Team - Philip L Spencer, COO, David Tan GM & Chief FINATIQ, Pearleen Chan GM, FINIXIS
REASONS FOR NOMINATION
· Bank of Singapore (BOS) last year transformed itself into Singapore’s first pure Internet Bank with a mandate to aggressively pursue innovative e-Commerce initiatives in the Buyer-Advocate space.
· The strategies employed include:
· At its launch, BOS was:
· In the future, plans include expanding into the Asia-pacific region on a “hub and thin spokes” model will help us reap economies of scale, aiding us in reaching our profitability targets. Built to be rapidly scalable, this model allows for the regional expansion to ride on the capabilities already built for Singapore, thus requiring little further investment.
SUPPORTING INFORMATION: Please see attachment