Singapore-based DBS introduces fresh senior talent in a new era under incoming group CEO Tan Su Shan.
DBS has appointed Derrick Goh to the newly created role of group chief operating officer (COO), according to a statement. He is currently the bank’s head of group audit.
Goh has 30 years of experience in finance and has been with DBS since 2008. Prior to heading group audit in 2018, he led the regional Treasures and Treasures Private Client wealth management business. Previously, was also head of POSB and consumer banking group (CBG) distribution in Singapore, regional COO, chief financial officer of institutional banking group (IBG) as well as head of finance, group planning and analytics.
Group Head of Audit
Group head of corporate and SME banking Koh Kar Siong will take over as group audit head. Koh joined DBS in 2003 and prior to his current role, he held various positions including head of SME banking in Singapore, head of POSB and CBG distribution in Singapore, and head of CBG in China.
Goh and Koh’s new roles will take effect on April 1 and they will both join the bank’s group executive committee.
AI Advisor
In addition, group head of operations Jimmy Ng will retire from executive duties on July 1 and be appointed as a senior advisor for the bank’s artificial intelligence efforts until December 31. According to group CEO Piyush Gupta, Ng was as driving force behind many DBS’ innovation efforts including the introduction of data, analytics and agile working.
«The management changes reflect DBS’ robust bench and underscore the success of our efforts over the years in grooming the next generation of leaders from within,» added Gupta who will step down in March after 15 years with the Singapore lender and be succeeded by current deputy CEO Tan Su Shan.
The latest changes follow the bank’s recent announcement of its financial results in 2024 which saw net profit rise 11 percent to a record S$11.4 billion ($8.4 billion).
