The OCBC Malaysia account went to Carat's sister network Vizeum without a pitch, ending the bank's relationship with WPP agency Mediabiz.
Carat Singapore, which won OCBC from Maxus earlier this month (Media May 4), now also takes on Lion Capital - a company formed in 2005 from the merger of OCBC Asset Management and Straits Lion Asset Management.
OCBC is looking to expand in Malaysia, adding to its 28 existing branches and offering new services. In 2006, the bank posted an operating profit of RM666 million, up 19 per cent on 2005.
