DBS head of wealth management Tan Su Shan has been promoted to head consumer banking as Tan Kong Khoon is leaving.
DBS Private Bank appoints industry veterans Stanley Puah Soon Kwang and Tan See Wee to lead its wealth management drive in Indonesia.
Tan Su-Shan says the Singaporean firm is well positioned to benefit from the easing renminbi rules in Hong Kong and plans to launch another specialist China fund this year.
DBS, JP Morgan and UBS voice concern about mass poaching of relationship managers, noting that clients are tiring of the recruitment 'merry-go-round'.
Standard Chartered veteran Lim Say Boon will take up the investment head post, while Oliver Crespin has joined from Citi Private Bank as chief operating officer.
Tan Su Shan, Morgan Stanley's head of private wealth for Southeast Asia, will join the Singaporean bank in July, where she will also oversee asset management.