DBS Group has made a slew of senior appointments as part of its ongoing efforts to develop and deepen bench strength. This sees former DBS' group head of strategy and planning, Shee Tse Koon take on the role as Singapore country head from 1 December 2018.
Meanwhile, present Singapore country heard Sim S. Lim will succeed Tan Su Shan as group head of consumer banking and wealth management from 1 January 2019. As such, Tan will take over Jeannette Wong as group head of institutional banking from 1 February 2019. This comes as Wong plans to retire on 1 March 2019. Wong served as chief financial officer from 2003 to 2008, before moving on to her existing role.
Shee, brings with him approximately 25 years of banking experience, including 22 years at Standard Chartered Bank. Spanning across both front and back office roles, he has had stints in Asia, the Middle East and Europe. Prior to joining DBS in September 2016, he was country head of Standard Chartered Indonesia. As group head of strategy and planning in DBS, he has been key in helping to flesh out the bank’s strategies for SME as well as growth markets, and in building out its ecosystems agenda.
Helming the role as Singapore country head since 1 September 2010, Sim brings with him 31 years of banking experience. He spent his career in Asia, North America and the Middle East. Prior to joining DBS, Sim was the president and CEO of Nikko Citigroup, a position he held from June 2008 to December 2009.
Meanwhile, Tan joined DBS in June 2010 as group head of wealth management, before taking on an expanded portfolio which also comprised oversight of consumer banking. She also had stints in investment banking and institutional sales. Her new role will include areas such as strengthening consumer banking, private banking and institutional banking connectivity as well as enabling DBS to further solidify its “one-bank” customer proposition. She will also continue to drive institutional banking digital agenda and focus in customer experience.
DBS CEO Piyush Gupta said that Wong had discussed the prospect of stepping down a few years ago and was persuaded to stay on to guide the bank with her leadership.
"Although there is no perfect time, with the institutional banking group’s stellar accomplishments, I believe that this is an appropriate juncture to finally accede to Jeanette’s request to step down, pursue her other passions and smell the roses," he added.
According to Gupta, this move will also enable the bank to continue to provide more development opportunities to its senior team and further deepen our bench strength.
"Sim, Tan and Shee have proven to be very capable leaders, and I have no doubt that they will continue to excel in their new roles and take the business to greater heights," he added.