DBS has appointed a group head of global transaction services, succeeding John Laurens who will be retiring.
Lim Soon Chong has been named to the role, according to a statement, effective August 1 this year.
Laurens, who first joined DBS in 2014, will remain as a senior adviser to support the transition until December 31.
Lim is currently group head of investment products and advisory for DBS’ consumer banking and wealth management unit as well as group head of product management for global transactions services. Ex-group head of trade product management and 20-year banking veteran Sriram Muthukrishnan will take over Lim’s latter role.
Lim joined DBS in 2006 and has taken on various senior roles across the bank’s consumer, wealth, corporate treasury, and risk management divisions. He will maintain his role as head of digital for DBS’ institutional banking group.
We remain committed to efforts to rotate our senior leaders around different functions and markets to hone their business acumen and technical skill sets to ensure they are well equipped to navigate the challenges and opportunities of tomorrow, Lim said.