The latest senior moves in wealth and asset management from a number of centres around the world.

DBS
DBS confirmed to this news service that it has appointed a new group head of investment products and advisory, Calvin Ong. The position fits inside DBS’ consumer banking and wealth management division. 

Prior to this, Ong was deputy corporate treasurer. He joined DBS in 2007 as an analyst and has worked in various roles, such as structured product advisory.

Bank Rakyat Indonesia
Bank Rakyat Indonesia has reportedly announced that its subsidiary PT. Bank Rakyat Indonesia Agroniaga (BRI Agro) has appointed Kaspar Situmorang as its new chief executive.

Situmorang has been instructed to build the bank into a fully digital bank, according to Fintech Singapore.

BRI Agro launched the Pinang app in February 2019 offering digital loans. At the end of 2020, Pinang loan disbursements totalled IDR70.6 billion ($4.87 million), the report said

Previously the division head of digital bank development and operations at Bank BRI, Situmorang also led its Digital Centers of Excellence division from 2017 to late 2020.

While not specifically aimed at the wealth sector, the bank is an example of digital banking developing across Southeast Asia.