De Walle joins from Bank of Singapore, where he was most recently senior managing director and global head of products and concurrently head of wealth management for OCBC. He has run global products that support both Bank of Singapore’s private banking and OCBC’s retail clients, corporate strategy and business transformation.

As part of the shift, Didier von Daeniken, who has been global head, private banking and wealth management, will focus on running the private banking business from 6 July. Having led both businesses since joining the bank in 2016, he has taken the private bank through a transformation and achieved three straight years of income growth.

The banking group, which earns the bulk of its revenues in Asia, Africa and emerging markets, reported its 2019 results here.