DBS has announced the appointment of a chairman of the bank's China unit.

DBS appoints Sebastian Paredes as chairman of DBS Bank (China) according to a statement, succeeding Dominic Ho who retired from the role.

Parades joined DBS in 2010 and is currently head of North Asia and chief executive officer of DBS Bank (Hong Kong).

«In recent years, we have grown our support of the large state-owned enterprises in China, expanded our network of [small and medium-sized enterprise] clients in the Greater Bay Area, and made inroads into the consumer finance space through ecosystem partners,» said DBS CEO Piyush Gupta.