DBS Bank’s Post

Singapore largest bank DBS ($73 billion market value) has appointed Tan Su Shan(Age 56) as the next DBS CEO, succeeding Piyush Gupta (Age 64) who will be retiring on 28th March 2025 after 43 years including 15 years as DBS CEO & 27 years at Citigroup (last role was Citi CEO South East Asia, Australia & New Zealand).  Read - https://lnkd.in/gKvnsgJX follow Caproasia | Driving the future of Asia With the announcement, Tan Su Shan is appointed as Deputy CEO in addition to her current role as DBS Group Head of Institutional Banking.  Tan Su Shan joined DBS in 2010, and has 35 years of financial industry experience including at Citi & Morgan Stanley in London, Tokyo, Hong Kong & Singapore. Tan Su Shan had held senior roles at DBS including as Group Head of Consumer Banking & Wealth Management and President Commissioner of DBS Indonesia.  Tan Su Shan was Singapore Nominated Member of Parliament from 2012 to 2014, is a Board Member of Mapletree Pan Asia Commercial Trust, and is an Advisory Board Member of UK billionaire James Dyson family office Weybourne Holdings.  DBS (7/8/24): “We announced today that the Board had appointed Tan Su Shan as Deputy CEO, in addition to her present role as Group Head of Institutional Banking. She will succeed Piyush Gupta as CEO when he retires at the next AGM on 28 Mar 2025.  Su Shan, 56, brings solid credentials to her new role, having had more than 35 years of experience in consumer banking, wealth management and institutional banking ... ... DBS Chairman Peter Seah: “Under Piyush’s leadership, DBS has been transformed into a high-performing, high-returns institution recognised simutaneously for stability and innovation. Su Shan’s strategic orientation, track record in building businesses, familiarity with technology, leadership ability as well as strong stakeholder management and communication skills make her the ideal successor ... ... Piyush Gupta: “Su Shan has worked closely with me for more than a decade to bring the bank to where it is today. She was instrumental in building the Wealth Management, Consumer Banking and Institutional Banking businesses since she joined, and took personal ownership to operationalise our digitalisation strategy ... ... Tan Su Shan: “I am deeply honoured to have been selected to succeed Piyush. Leading the continued transformation of DBS is a tremendous privilege and responsibility. Some months after Piyush joined as CEO, he called to persuade me to join DBS. I responded to that call and quit the foreign bank I was working at the next day. Joining DBS felt like a homecoming – it is the bank I grew up with, and also the company where I first interned ... ... DBS Bank

Singapore largest bank DBS ($73 billion market value) has appointed Tan Su Shan(Age 56) as the next DBS CEO, succeeding Piyush Gupta (Age 64) who will be retiring on 28th March 2025 after 43 years including 15 years as DBS CEO & 27 years at Citigroup (last role was Citi CEO South East Asia, Australia & New Zealand).  Read - https://lnkd.in/gTWdezrR follow Caproasia | Driving the future of Asia With the announcement, Tan Su Shan is appointed as Deputy CEO in addition to her current role as DBS Group Head of Institutional Banking.  Tan Su Shan joined DBS in 2010, and has 35 years of financial industry experience including at Citi & Morgan Stanley in London, Tokyo, Hong Kong & Singapore. Tan Su Shan had held senior roles at DBS including as Group Head of Consumer Banking & Wealth Management and President Commissioner of DBS Indonesia.  Tan Su Shan was Singapore Nominated Member of Parliament from 2012 to 2014, is a Board Member of Mapletree Pan Asia Commercial Trust, and is an Advisory Board Member of UK billionaire James Dyson family office Weybourne Holdings.  DBS (7/8/24): “We announced today that the Board had appointed Tan Su Shan as Deputy CEO, in addition to her present role as Group Head of Institutional Banking. She will succeed Piyush Gupta as CEO when he retires at the next AGM on 28 Mar 2025.  Su Shan, 56, brings solid credentials to her new role, having had more than 35 years of experience in consumer banking, wealth management and institutional banking ... ... DBS Chairman Peter Seah: “Under Piyush’s leadership, DBS has been transformed into a high-performing, high-returns institution recognised simutaneously for stability and innovation. Su Shan’s strategic orientation, track record in building businesses, familiarity with technology, leadership ability as well as strong stakeholder management and communication skills make her the ideal successor ... ... Piyush Gupta: “Su Shan has worked closely with me for more than a decade to bring the bank to where it is today. She was instrumental in building the Wealth Management, Consumer Banking and Institutional Banking businesses since she joined, and took personal ownership to operationalise our digitalisation strategy ... ... Tan Su Shan: “I am deeply honoured to have been selected to succeed Piyush. Leading the continued transformation of DBS is a tremendous privilege and responsibility. Some months after Piyush joined as CEO, he called to persuade me to join DBS. I responded to that call and quit the foreign bank I was working at the next day. Joining DBS felt like a homecoming – it is the bank I grew up with, and also the company where I first interned ... ... DBS Bank

Singapore largest bank DBS ($73 billion market value) has appointed Tan Su Shan (Age 56) as the next DBS CEO, succeeding Piyush Gupta (Age 64) who will be retiring on 28th March 2025 after 43 years including 15 years as DBS CEO & 27 years at Citigroup (last role was Citi CEO South East Asia, Australia & New Zealand).  Read - https://lnkd.in/gKvnsgJX follow Caproasia | Driving the future of Asia Singapore largest bank DBS ($73 billion market value) has appointed Tan Su Shan(Age 56) as the next DBS CEO, succeeding Piyush Gupta (Age 64) who will be retiring on 28th March 2025 after 43 years including 15 years as DBS CEO & 27 years at Citigroup (last role was Citi CEO South East Asia, Australia & New Zealand).  With the announcement, Tan Su Shan is appointed as Deputy CEO in addition to her current role as DBS Group Head of Institutional Banking.  Tan Su Shan had joined DBS in 2010, and has 35 years of financial industry experience including at Citi & Morgan Stanley in London, Tokyo, Hong Kong & Singapore.  Tan Su Shan had held senior roles at DBS including as Group Head of Consumer Banking & Wealth Managementand President Commissioner of DBS Indonesia.  Tan Su Shan was Singapore Nominated Member of Parliament from 2012 to 2014, is a Board Member of Mapletree Pan Asia Commercial Trust, and is an Advisory Board Member of UK billionaire James Dyson family office Weybourne Holdings.  Tan Su Shan, Institutional Banking, Group Executive, DBS – Su Shan is the Global Head of Corporate and Commercial Banking at DBS. DBS is the largest bank in Southeast Asia with a market capitalisation of US$100 billion (May 2024). Prior to leading the corporate banking business, she was Group Head of Consumer Banking and Wealth Management for close to a decade.   Su Shan sits on the advisory board of Dyson’s family office, Weybourne Holdings, and is a board member of Mapletree Pan Asia Commercial Trust. She previously served as a Nominated Member of Parliament in Singapore from 2012 to 2014.   In October 2014, Su Shan became the first Singaporean to be recognised as the world’s “Best Leader in Private Banking” by PWM/The Banker, a wealth publication by the Financial Times Group. In 2018, she was nominated by Forbes Magazine as a “Top 25 Emergent Asian Woman Business Leader”. In the same year, she was also named “Retail Banker of the Year” by the Digital Banker in their inaugural Global Retail Banking Innovation Awards.  Su Shan graduated with a Master of Arts from Lincoln College, Oxford University where she studied Politics, Philosophy and Economics. She has also completed executive leadership courses in Harvard Business School, Stanford Business School and Singularity University. DBS Bank, Citi, Morgan Stanley

Singapore largest bank DBS ($73 billion market value) has appointed Tan Su Shan (Age 56) as the next DBS CEO, succeeding Piyush Gupta (Age 64) who will be retiring on 28th March 2025 after 43 years including 15 years as DBS CEO & 27 years at Citigroup (last role was Citi CEO South East Asia, Australia & New Zealand).  Read - https://lnkd.in/gTWdezrR follow Caproasia | Driving the future of Asia Singapore largest bank DBS ($73 billion market value) has appointed Tan Su Shan(Age 56) as the next DBS CEO, succeeding Piyush Gupta (Age 64) who will be retiring on 28th March 2025 after 43 years including 15 years as DBS CEO & 27 years at Citigroup (last role was Citi CEO South East Asia, Australia & New Zealand).  With the announcement, Tan Su Shan is appointed as Deputy CEO in addition to her current role as DBS Group Head of Institutional Banking.  Tan Su Shan had joined DBS in 2010, and has 35 years of financial industry experience including at Citi & Morgan Stanley in London, Tokyo, Hong Kong & Singapore.  Tan Su Shan had held senior roles at DBS including as Group Head of Consumer Banking & Wealth Managementand President Commissioner of DBS Indonesia.  Tan Su Shan was Singapore Nominated Member of Parliament from 2012 to 2014, is a Board Member of Mapletree Pan Asia Commercial Trust, and is an Advisory Board Member of UK billionaire James Dyson family office Weybourne Holdings.  Tan Su Shan, Institutional Banking, Group Executive, DBS – Su Shan is the Global Head of Corporate and Commercial Banking at DBS. DBS is the largest bank in Southeast Asia with a market capitalisation of US$100 billion (May 2024). Prior to leading the corporate banking business, she was Group Head of Consumer Banking and Wealth Management for close to a decade.   Su Shan sits on the advisory board of Dyson’s family office, Weybourne Holdings, and is a board member of Mapletree Pan Asia Commercial Trust. She previously served as a Nominated Member of Parliament in Singapore from 2012 to 2014.   In October 2014, Su Shan became the first Singaporean to be recognised as the world’s “Best Leader in Private Banking” by PWM/The Banker, a wealth publication by the Financial Times Group. In 2018, she was nominated by Forbes Magazine as a “Top 25 Emergent Asian Woman Business Leader”. In the same year, she was also named “Retail Banker of the Year” by the Digital Banker in their inaugural Global Retail Banking Innovation Awards.  Su Shan graduated with a Master of Arts from Lincoln College, Oxford University where she studied Politics, Philosophy and Economics. She has also completed executive leadership courses in Harvard Business School, Stanford Business School and Singularity University. DBS Bank, Citi, Morgan Stanley

HSBC Singapore to open 3 new HSBC Wealth Centres by 2025 Q1, with the 3 centres to be located in Singapore Central Business District (CBD),and in East region & West region.  HSBC serves all clients in mass, affluent, HNW & UHNW via HSBC Retail Banking, Private Banking, Life Insurance & Asset Management. Read - https://lnkd.in/gJb7eVtT follow Caproasia | Driving the future of Asia HSBC Singapore has announced to open 3 new HSBC Wealth Centres by 2025 Q1, with the 3 centres to be located in Singapore Central Business District (CBD),and in East region & West region.  HSBC serves all clients in mass, affluent, HNW & UHNW (high net worth, ultra high net worth) via HSBC Retail Banking, Private Banking, Life Insurance & Asset Management.  Kee Joo Wong, CEO of HSBC Singapore: “Since HSBC established its presence here in 1877, our purpose has always been to connect our customers to opportunities. Our substantial investments have set the stage for future growth, enabling us to better support the needs of our clients. As Singapore grows as an international financial centre and international wealth hub, HSBC is uniquely placed to meet the wealth and international banking needs of our clients through the scale and breadth of our network and capabilities.” Ashmita Acharya, Head of Wealth and Personal Banking at HSBC Singapore: “We want to be the wealth manager of choice for affluent Singaporeans and international professionals. We’ve been focused on elevating the customer experience across our channels and building a differentiated proposition that supports our client’s wealth, health and international banking needs – from growing and protecting their wealth, to planning for their family, their children’s international education, and the next generation.”  HSBC (4/6/24): “HSBC announced its plans today to open three wealth centres in Singapore by Q1 2025, increasing its investment fivefold in its physical network as it pivots its branches into wealth centres to facilitate comprehensive wealth conversations with clients. The three centres will be in the Central Business District as well as the east and west region of Singapore.  Part of a broader strategy to build the Bank’s international and wealth propositions, HSBC has doubled its technology investments in Singapore over the last five years, uplifting capabilities and delivering improved customer experiences. Serving clients across the full wealth continuum – mass, affluent, high net worth and ultra-high net worth, HSBC’s Wealth and Personal Banking business includes Retail Banking, Global Private Banking, HSBC Life and Global Asset Management ... ... HSBC

HSBC Singapore to open 3 new HSBC Wealth Centres by 2025 Q1, with the 3 centres to be located in Singapore Central Business District (CBD),and in East region & West region.  HSBC serves all clients in mass, affluent, HNW & UHNW via HSBC Retail Banking, Private Banking, Life Insurance & Asset Management. Read - https://lnkd.in/gwFGsDzZ follow Caproasia | Driving the future of Asia HSBC Singapore has announced to open 3 new HSBC Wealth Centres by 2025 Q1, with the 3 centres to be located in Singapore Central Business District (CBD),and in East region & West region.  HSBC serves all clients in mass, affluent, HNW & UHNW (high net worth, ultra high net worth) via HSBC Retail Banking, Private Banking, Life Insurance & Asset Management. Kee Joo Wong, CEO of HSBC Singapore: “Since HSBC established its presence here in 1877, our purpose has always been to connect our customers to opportunities. Our substantial investments have set the stage for future growth, enabling us to better support the needs of our clients. As Singapore grows as an international financial centre and international wealth hub, HSBC is uniquely placed to meet the wealth and international banking needs of our clients through the scale and breadth of our network and capabilities.” Ashmita Acharya, Head of Wealth and Personal Banking at HSBC Singapore: “We want to be the wealth manager of choice for affluent Singaporeans and international professionals. We’ve been focused on elevating the customer experience across our channels and building a differentiated proposition that supports our client’s wealth, health and international banking needs – from growing and protecting their wealth, to planning for their family, their children’s international education, and the next generation.”  HSBC (4/6/24): “HSBC announced its plans today to open three wealth centres in Singapore by Q1 2025, increasing its investment fivefold in its physical network as it pivots its branches into wealth centres to facilitate comprehensive wealth conversations with clients. The three centres will be in the Central Business District as well as the east and west region of Singapore.  Part of a broader strategy to build the Bank’s international and wealth propositions, HSBC has doubled its technology investments in Singapore over the last five years, uplifting capabilities and delivering improved customer experiences. Serving clients across the full wealth continuum – mass, affluent, high net worth and ultra-high net worth, HSBC’s Wealth and Personal Banking business includes Retail Banking, Global Private Banking, HSBC Life and Global Asset Management ... ... HSBC

HSBC completes buying of Citibank China retail wealth management business, with the Citi China portfolio integrated into HSBC China Wealth & Personal Banking operations and joined by more than 300 Citi employees.  In 2021, Citi had announced to exit 14 markets including already selling Taiwan, Indonesia, Malaysia, Thailand & Vietnam consumer businesses to DBS, UOB & National Australia Bank. Read - https://lnkd.in/gTFSWAQV follow Caproasia | Driving the future of Asia HSBC has announced the completion of buying Citibank China retail wealth management business, with the Citi China portfolio integrated into HSBC China Wealth & Personal Banking operations and joined by more than 300 Citi employees.  Nuno Matos, CEO, Wealth & Personal Banking: “HSBC’s ambition is to be the leading international wealth manager for mass affluent and high-net-worth (“HNW”) individuals in mainland China. This portfolio complements our growing set of wealth businesses in the country, demonstrating our commitment to the Chinese market and to helping our clients diversify their assets and enhance their long-term returns.”  HSBC (11/6/24): “HSBC Bank (China) Company Limited (“HSBC China”), a wholly-owned subsidiary of HSBC Holdings plc, has completed the acquisition of Citi’s retail wealth management portfolio in mainland China. The portfolio of investment assets and deposits, and associated wealth customers, covering 11 major citiesi in mainland China has been integrated into HSBC China’s Wealth and Personal Banking (“WPB”) operations. Over 300 employees have also joined HSBC.  HSBC has one of the largest wealth service networks of foreign banks in mainland China and is the largest Qualified Domestic Institutional Investor (“QDII”) quota-holding bankii. HSBC’s wealth management investments in the country span across retail wealth, private banking, insurance, asset management and fintech. HSBC China is making good progress harnessing synergies across these capabilities to meet customers’ full range of wealth management needs.  In 2023, HSBC in mainland China grew wealth invested assets by 53% and its wealth client base by more than 30% year on year. In 1Q24, HSBC in mainland China recorded an almost two-fold increase in Net New Invested Assets (NNIA) year on year, contributing to Asia’s 33% growth year on year in NNIA to USD19 billion. This transaction marks another milestone as HSBC further strengthens its wealth capabilities in both mainland China and Asia.” In 2021, Citi had announced to exit 14 markets including already selling Taiwan, Indonesia, Malaysia, Thailand & Vietnam consumer businesses to DBS, UOB & National Australia Bank. HSBC, Citi

QIB Receives Regional Recognition at EMEA Finance Qatar Islamic Bank (QIB), Qatar’s leading digital bank, received two prestigious awards including the Financial Inclusion Award in the Middle East, and the coveted title of the Best Islamic Bank in Qatar for the seventh consecutive year, at the EMEA Middle East Banking Awards 2023, underscoring its commitment to excellence and inclusivity. These accolades were announced during the sixteenth edition of the EMEA Middle East Banking Awards ceremony held recently in Dubai, attended by QIB’s senior management. In the past year, QIB has made significant strides in enhancing its digital offerings, both for customer-facing interactions and internal operations, resulting in substantial benefits for its customers and stakeholders. Notably, 99% of transactions are now self-serve while more than 50% of Personal Financing and Credit Cards are fulfilled instantly through the QIB mobile app. The bank introduced over 50 new digital products and services for both individual and corporate customers, contributing to its efficiency and elevating customer satisfaction. These achievements, including a a record net profit of QR 4,305 billion, an ROA of 2.3% and a cost-to-income ratio of 17.1% substantiate its recognition as the Best Islamic Bank in Qatar. QIB has been advancing financial inclusion through its innovative, separate QIB Lite App, which simplifies payments and transfers, is available in multiple languages and provides easy access to financial products and services for low-income earners. QIB is also offering the Bedaya Student Account to empower students and promote financial literacy among the young population. Furthermore, the bank provides dedicated banking solutions for women and small & medium-sized enterprises. These initiatives align with the objectives outlined by the Qatar Central Bank and Qatar National Vision 2030, focusing on elevating the customer experience, championing innovation, and fostering greater financial inclusion. Mr. Bassel Gamal, QIB’s Group CEO said: “It is gratifying to see QIB’s growing recognition in Qatar and the region, reaffirming our dedication to innovation and leadership in Shari’a-compliant banking. Through leveraging technology, we have spearheaded financial market innovation, introducing advanced products and services to fulfil our customers’ banking requirements. These accolades further validate our strategic vision, customer-focused approach, and ongoing endeavours to reshape the banking landscape in Qatar and beyond. This achievement is a testament to the dedication of our team and the steadfast support of our Board of Directors”. The EMEA Finance Middle East Banking Awards 2023 marks the sixteenth edition of this prestigious event, highlighting the best commercial, investment, and

HSBC completes buying of Citibank China retail wealth management business, with the Citi China portfolio integrated into HSBC China Wealth & Personal Banking operations and joined by more than 300 Citi employees.  In 2021, Citi had announced to exit 14 markets including already selling Taiwan, Indonesia, Malaysia, Thailand & Vietnam consumer businesses to DBS, UOB & National Australia Bank. Read - https://lnkd.in/gWuYSrmH follow Caproasia | Driving the future of Asia HSBC has announced the completion of buying Citibank China retail wealth management business, with the Citi China portfolio integrated into HSBC China Wealth & Personal Banking operations and joined by more than 300 Citi employees.  Nuno Matos, CEO, Wealth & Personal Banking: “HSBC’s ambition is to be the leading international wealth manager for mass affluent and high-net-worth (“HNW”) individuals in mainland China. This portfolio complements our growing set of wealth businesses in the country, demonstrating our commitment to the Chinese market and to helping our clients diversify their assets and enhance their long-term returns.”  HSBC (11/6/24): “HSBC Bank (China) Company Limited (“HSBC China”), a wholly-owned subsidiary of HSBC Holdings plc, has completed the acquisition of Citi’s retail wealth management portfolio in mainland China. The portfolio of investment assets and deposits, and associated wealth customers, covering 11 major citiesi in mainland China has been integrated into HSBC China’s Wealth and Personal Banking (“WPB”) operations. Over 300 employees have also joined HSBC.  HSBC has one of the largest wealth service networks of foreign banks in mainland China and is the largest Qualified Domestic Institutional Investor (“QDII”) quota-holding bankii. HSBC’s wealth management investments in the country span across retail wealth, private banking, insurance, asset management and fintech. HSBC China is making good progress harnessing synergies across these capabilities to meet customers’ full range of wealth management needs.  In 2023, HSBC in mainland China grew wealth invested assets by 53% and its wealth client base by more than 30% year on year. In 1Q24, HSBC in mainland China recorded an almost two-fold increase in Net New Invested Assets (NNIA) year on year, contributing to Asia’s 33% growth year on year in NNIA to USD19 billion. This transaction marks another milestone as HSBC further strengthens its wealth capabilities in both mainland China and Asia.” In 2021, Citi had announced to exit 14 markets including already selling Taiwan, Indonesia, Malaysia, Thailand & Vietnam consumer businesses to DBS, UOB & National Australia Bank. HSBC, Citi