Following the retirement of a senior DBS banker, the Singaporean lender has reorganized its leadership team, including the creation of a new North Asia role.
Sim S. Lim will step down from his role as group head of consumer banking and wealth management at DBS, according to a statement, effective April 1. He will retire from his executive duties but remain as a senior advisor.
Lim joined DBS in 2010 as the bank’s first Singapore country head before taking over as consumer and wealth head in January 2019.
Successor
DBS Singapore country head Shee Tse Koon will succeed Lim as the new group head of consumer banking and wealth management. Shee joined DBS in September 2016, first as its head of strategy and planning.
Succeeding Shee is Han Kwee Juan, current group head of strategy and planning, a role held since April 2018.
Taiwan Reshuffle
Replacing Han is DBS Bank Taiwan CEO Lim Him Chuan who will relocate to Singapore for the role. Lim took on the Taiwan CEO role in 2018 and under watch, the unit has seen pre-tax net profit climb at a compound annual growth rate of 12 percent.
Ng Sier Han will take over as DBS Bank Taiwan CEO. Ng joined DBS in 2004 as a management associate before climbing the ranks to become, most recently, director of integration (Taiwan) in April 2022.
North Asia
Finally, DBS appoints Sebastian Paredes to the newly created role of head of North Asia, overseeing the Hong Kong, China and Taiwan business. Paredes was appointed DBS Bank (Hong Kong) CEO in September 2010 and is also a non-executive director of DBS Bank (China).
DBS Bank (China) CEO Ginger Cheng and Ng will report to Paredes and join DBS’s group management committee.
All the senior personnel changes will also take effect on April 1.
«The management changes reflect DBS’ deep bench strength and our grooming of talent from within. The creation of a new Head of North Asia role will also enable us to give greater focus and oversight to a region that will only grow in importance in the coming years,» said DBS CEO Piyush Gupta.
