Yvonne Hsin joins the bank on 1 February as head of the private banking business in North Asia. Hsin was previously head of private banking for China Construction Bank (Asia) in Hong Kong and brings over 35 years of industry experience to her new role. At DBS, she will be responsible for managing and developing the private banking business in the Greater China region, covering Hong Kong, Macau, Mainland China and Taiwan. She reports both to Su Shan Tan, head of wealth management, and Sebastian Paredes, chief executive of DBS Bank (Hong Kong).

Robert Kung joins as head of private bank for DBS (China). Kung most recently served as head of market management for the China region at Credit Suisse Clariden Leu Asset Management in Hong Kong and has over 33 years of wealth management experience. At DBS, he reports to Melvin Teo, CEO of DBS Bank (Taiwan) and Hsin. 

John Lim joins as a team head of the private bank for DBS Bank (Hong Kong). Lim most recently served as managing director at South China Group and, before that, worked for the likes of JP Morgan Chase, Morgan Stanley, Salomon Brothers, Standard Chartered and Rabobank. Reporting to Hsin, Lim will focus on providing wealth management serivces to high net worth clients in North Asia.

DBS targets high net worth and ultra HNW individuals through over 200 branches in 15 markets across Asia. Much of its growth efforts are focused on fast-growing markets in Greater China, Southeast Asia and South Asia.

Late last year, DBS said that wealth management net fee and commission income fell 19 per cent quarter-on-quarter to S$42 million (around $32.5 million). Over the first nine months of 2011, net fee and commission income rose by 58 per cent to S$145 million, however.