The changes affect the wealth, consumer banking, investment bank and Singapore country head roles.

Tan Su Shan, the group head of consumer banking and wealth management at DBS – and a recent winner of a lifetime achievement award by this publication – is taking over from Jeanette Wong as group head of institutional banking from 1 February next year. Wong retires at the start of next March.

The changes are part of a series of top-level moves at the Singapore-listed banking group, it said today. 

Tan joined DBS in June 2010 as group head of wealth management, before she took on a wider role that included overseeing the consumer banking arm. Her period in the role has seen DBS expand both organically and through its purchase of the Asian private banking arms of Societe Generale and and Australia and New Zealand Banking Group. 

Sim S Lim, presently DBS’ Singapore country head, will succeed Tan Su Shan in her consumer banking and wealth management role.

Shee Tse Koon, DBS’ group head of strategy and planning, will take over as Singapore country head from 1 December this year. 

Wong served as chief financial officer from 2003 to 2008. In 2008, she moved on to her current role as group head of IBG. 

Lim, a 35-year banking veteran, joined DBS in September 2010 as country head, DBS Singapore, a then newly-created role. 

Shee brings with him almost 25 years of banking experience, and including 22 years at Standard Chartered Bank, which spanned front and back office roles, and included stints in Asia, the Middle East and Europe. Prior to joining DBS in September 2016, he was country head of Standard Chartered Indonesia. 

“Jeanette first began discussing with me the prospect of stepping down a few years ago. I was able to persuade her to stay on as I firmly believed that the bank needed her leadership to guide us on a critical part of our journey. Although there is no perfect time, with the IBG’s stellar accomplishments, I believe that this is an appropriate juncture to finally accede to Jeanette’s request to step down, pursue her other passions and smell the roses,” DBS CEO Piyush Gupta said.

“This will also enable us to continue to provide more development opportunities to our senior team and further deepen our bench strength,” he added.