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DBS appoints new wealth management head

DBS appoints new wealth management head

DBS has announced a major reshuffle including the appointment of a new chief for its wealth management and consumer banking business.

The wealth manager has named its Singapore country head Sim Lim as group head of consumer banking (CBG) and wealth management, effective January 2019.

Lim succeeds Tan Su Shan [pictured] who has been appointed group head of institutional banking (IBG), effective February 2019.

Tan who is best known for her outstanding leadership in private banking, joined DBS in June 2010 as group head of wealth management, before taking on an expanded portfolio which also comprised oversight of consumer banking.

In her new role, Tan has been tasked to strengthen CBG, private banking and IBG connectivity. She will also continue to drive IBG’s digital agenda and focus in customer experience, DBS said.

Meanwhile, Lim joined DBS as Singapore country head in 2010. During this time he built the management team and process for Singapore, as well as helped provide direction for DBS Vickers, and the bank’s operations in Japan and Thailand.

Shee Tse Koon, presently DBS’ group head of strategy and planning, will take over Lim’s role from December. Prior to joining DBS in September 2016, he was country head of Standard Chartered Indonesia.

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