SINGAPORE (Xinhua) -- Oversea-Chinese Banking Corporation Limited (OCBC Bank) announced Thursday its acquisition of ING Asia Private Bank Limited (IAPB) and its affiliated entities for 1.463 billion U.S. dollars.     OCBC said in a statement that it reached agreement with ING Bank N.V. to acquire its Asian private banking business. The acquisition will be funded by the bank's existing resources.     The acquisition of IAPB marks a transformational step in OCBC Bank's private banking business and will more than triple the bank's private client assets under management to 23 billion U.S. dollars.     OCBC Bank said it will be well placed to capture the opportunities provided by the rapid growth of Asia's wealth management industry and Singapore's unique position as a major private banking hub, attracting wealth from both within and outside Asia.     The acquisition is also said to be in line with bank's strategic goal of becoming a leading player in wealth management. It will significantly strengthen its position in serving the wealth management needs of its mass affluent and high net worth customers.