The chief sustainability officer will lead DBS’ sustainability efforts to support Asia’s transition towards a lower-carbon economy.

Singapore-headquartered DBS has appointed Kelvin Wong (pictured) as its chief sustainability officer, effective 11 May. Based in Singapore, he is taking over the reins from Helge Muenkel who will leave the bank when he relocates overseas.

Wong, who joined DBS in 2016, is managing director and head of energy, renewables and infrastructure in the Institutional Banking Group. Prior to joining DBS, he held senior positions across fields in specialised finance – including project, acquisition and leveraged finance, and mergers and acquisitions – at Commonwealth Bank of Australia and Standard Chartered Bank. He also served in the Energy Market Authority of Singapore.

“At DBS, our conviction is that sustainability is a core driver of long-term value. When approached pragmatically, it strengthens competitiveness, improves lives and builds resilience for the future,” Tan Su Shan, CEO of DBS, said. “This belief is reinforced by recent geopolitical developments which have highlighted the importance of resilient systems – particularly energy that is available, affordable, diversified and sustainable.”

“With over 20 years of experience in energy, policy regulation and financing, Kelvin is well-placed to advance DBS’ sustainability agenda with our clients and communities. We also extend our deep thanks to Helge for his invaluable contributions to DBS’ sustainability journey and wish him every success ahead,” Shan added.

Wong has an honours degree in business administration from the National University of Singapore and obtained his MBA from Arcadia University. He is a member of the International Energy Agency (IEA) Finance Industry Advisory Board and has been a peer reviewer of the IEA’s annual Southeast Asia Energy Outlook report since 2021.

In February, DBS Group announced a pre-tax profit of S$6.274 billion ($4.94 billion) for the second half of last year, slipping 2 per cent on a year earlier; for all of 2025, profit rose 1 per cent to S$13.1 billion.