DBS bank recently announced changes in its senior leadership appointments.
Joseph Poon will assume the role of Regional Head of South East Asia of DBS Private Bank from 16 August 2016.
A veteran in the wealth management industry, Poon has held various senior positions at several leading private banks, including Julius Baer, Macquarie Private Bank Asia and JPMorgan Singapore. He was most recently the Head of UBS Wealth Management - Ultra High Net Worth and Global Family Office businesses for South East Asia.
Poon will report to Lawrence Lua, who has been promoted to the Deputy Head of DBS Private Bank. Lua was previously the Head of South & Southeast Asia at DBS Private Bank and will continue to report to Tan Su Shan, Group Head of Consumer Banking & Wealth Management.
Lua joined DBS Private Bank in 2011 and has been instrumental in driving the bank's private banking business in South and Southeast Asia. His promotion underscores DBS' commitment to internal mobility and talent development as the bank continues to build upon its successes in the region, according to the bank.
The growth of DBS' wealth management franchise is robust, fuelled by the organic growth of emerging Asian new wealth and also by its successful execution of a wealth continuum. After the successful acquisition of Société Générale Private Banking Asia in 2014, DBS Private Bank continues to grow from strength to strength. It has also consistently achieved growth of about 20 percent annually since 2010.
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