Chandrima Das resigns from Bank of Singapore again

Bank of Singapore’s (BoS) head of mutual funds and hedge fund selection Chandrima Das has resigned for the second time in a year.

Chandrima Das will be leaving the OCBC-owned private bank in mid-October, the company told AsianInvestor.

A BoS spokeswoman said a replacement had been found for Das but the bank declined to name the individual.

This is the second time that Das has resigned from BoS. The first was in late 2014, but she rejoined and regained her title as managing director and head of investment sales and advisory in February 2015.  Family reasons were cited for both resignations.

In a statement, BoS said: ‎"Chandrima has tendered her resignation and she is serving notice. A replacement has been identified."

The bank added that it had plans in place to ensure service standards were maintained for clients.

During her first stint at BoS, Das was at the private bank for around three years, having joined in November 2011, according to her LinkedIn profile.

Prior to BoS, Das was chief executive at ING Asset Management in Singapore, where she worked from December 2008-November 2011. She has 17 years of experience in wealth and asset management industries in Asia and the UK, including Prudential Asset Management (2006-2008) and M&G (2004-2006).

BoS is the private banking arm of OCBC. The Singapore bank acquired the Asia private banking unit of ING Group in 2009 for $1.5 billion and rebranded it to Bank of Singapore. BoS’s AUM as of the end of March this year totalled $51 billion.