OCBC Acquires HSBC Indonesia Retail and Wealth Units
OCBC has signed an agreement with PT Bank HSBC Indonesia to acquire its retail banking and wealth management business. The deal includes S$6.6bn in assets under management, a customer base of 336,000 individuals across 26 branches, and is expected to boost OCBC's market presence in Southeast Asia’s largest economy.
Topics: acquisitions banking Southeast Asia wealth management