A career DBS banker has been named chief risk officer for the Singapore lender, replacing Tan Teck Long.
Soh Kian Tiong has been named chief risk officer (CRO), according to a statement, reporting to DBS chief executive Piyush Gupta.
In addition, Soh will also be accountable to the board risk management committee as well as join as a member of the group management committee and group executive committee.
Soh replaces ex-CRO Tan Teck Long who will be leaving the bank to take on a client-facing role elsewhere.
Soh has over 25 years of experience, having first joined DBS as a trainee officer in its corporate banking unit in 1995. Since then, he held various senior roles, most recently as a senior risk executive for DBS Hong Kong, Greater China chief credit officer, management committee member of DBS (Hong Kong), and Hong Kong risk executive committee chairman.
Under Tan’s leadership, DBS has further enhanced our credit underwriting capabilities, multi-year credit architecture program, and strengthened our attention on ESG risks, financial crime risk, and cyber security and data protection. While he will be sorely missed, we respect his desire to return to a customer-facing role,» Gupta said.
Soh’ appointment is testament to our ability to groom leaders from within. Over the span of his longstanding DBS career, he has been rotated across markets, and embraced a mix of business and risk roles. I am confident that he will bring this experience to bear meaningfully in his new role.