Tan Su Shan
Managing director and group head of consumer banking and wealth management, DBS
A tech platform and the ANZ acquisition are some of the feathers in Tan’s cap as she begins 2018 on the right note.
Last year, the Singapore-based bank’s wealth assets under management grew by 23% to SGD 195 billion – thanks in part to DBS’ acquisition of ANZ in October 2016.
After successfully integrating the businesses in Singapore and Hong Kong, the bank was busy with Taiwan last November, in addition to planning the Indonesia integration slated for February.
‘It’s very complicated because it’s five countries, five different regulations, five different systems, five different sets of clients and five very different businesses,’ she said in November.
In the meantime, the executive also has her eyes on Amazon and AliPay as potential competitors and is ramping up the private bank’s fintech drive through its wealth platform, DBS iWealth.
‘I think the rules will have to change with the use of AI [artificial intelligence], robots and robo advice,’ she added.