Singapore’s DBS Bank in 2009 identified the development of its Global Transaction Services unit as one of the bank’s strategic priorities and the business has seen a healthy growth rate since.
DBS Bank appointed Lim Him Chuan as global head of product management at Global Transaction Services (GTS) as it bids to maintain the growth momentum of the business, the company said in a statement, which wasn't made available on the website. Lim will be taking over the reins from Lum Yin Fong, who will assume the role of global head of client managment and implementation at GTS.
Today, the GTS business contributes more than 30 percent of the bank’s institutional-banking income.
A Former COO
In his new role, Lim will oversee the strategic development, governance and profitability of the bank’s cash management, documentary trade and open account trade finance products and services.
Lim was the former COO for the bank’s Institutional Banking Group (IBG) and has been instrumental in leading and driving numerous operational, customer experience and risk initiatives within the business. Previously, Lim was the head of DBS’ Group Audit department.
Focus on Client Management
«Building the transaction banking business is one of the bank’s strategic priorities and GTS has enjoyed broad-based growth the past few years,» John Laurens, head of GTS, said in the statement. «We are very pleased to have Him Chuan on our team as we continue on our journey of making transaction banking a key growth driver of the bank.»
In her newly created role, Lum will leverage her transaction banking experience to focus on building the bank’s client management and implementation capabilities across the franchise to deliver high quality service to the bank’s clients.
