Singapore’s largest bank DBS has appointed a new country chief executive for China.
Ginger Cheng has been named country CEO for DBS China, according to a statement, effective April 1 and subject to regulatory approval.
Cheng will also join DBS’ group management committee.
Cheng is currently the deputy CEO of DBS China and head of DBS’ institutional banking group in China. She spent more than 20 years with DBS after first joining its Hong Kong syndicated finance unit in 2001.
Neil Ge
Cheng succeeds Neil Ge who has been CEO of DBS China since June 2012.
Under Ge’s leadership, DBS China saw the repositioning of its consumer and SME business, the sharpening of its institutional investors strategy and the establishment of a capital markets franchise, including the recent launch of a China securities joint venture.
«Under [Ge’s] leadership, DBS today has a growing franchise in China which we will continue to build on,» said DBS CEO Piyush Gupta. «It is testament to our deep bench strength and commitment to grooming talent that we have been able to appoint his successor from our slate of internal candidates.»
