The new hire replaces Elbert Pattijn, who is retiring after a decade in the role.

DBS Group has appointed Tan Teck Long as chief risk officer. In his new role, Tan will report to DBS chief executive, Piyush Gupta, and will be a member of DBS’ Group executive committee, it said in a statement.

Tan has 25 years of experience with the bank in business and risk roles. He was most recently head of the institutional banking group’s large and mid-cap businesses, as well as its chief operating officer. 

He takes over from Elbert Pattijn, who is retiring from the bank. Pattijn has been DBS’ CRO since 2008.

“We are today recognised as a leading player in Asia, and are at the forefront of digital,” said Gupta. “This has been possible because of the advances we’ve made in risk management under Elbert’s leadership. We wish him all the best in his retirement. Teck Long’s appointment is testament to our ability to groom leaders from within. His longstanding career with DBS had a balance of business and risk roles, and I am confident that he will bring this experience to bear meaningfully in his new role.” 

In June, this publication reported that DBS had launched a virtual bank recruiter, Jim, to help its recruiters hire wealth planning managers more efficiently.