DBS, Singapore’s largest bank and the only Singapore bank among the top five private banks in Asia, announced today that Rob Ioannou has been officially appointed as the Head of International, DBS Private Bank.
His responsibilities include the Global South Asia and Non Resident Indian teams, the Europe, Middle East and Africa geographies, as well as the Japan International segment. Rob will report into Lawrence Lua, Deputy Head of DBS Private Bank.
Prior to joining DBS, Rob was Co-Head of HSBC’s Private Bank for Southeast Asia and a Director of HSBC Trust Company Singapore. Rob spent 13 years at HSBC Private Bank, holding a number of senior positions in London and Singapore, including Business Head for Domestic and International markets, and Head of UHNW International for HSBC Private Bank in the UK.
A career private banker with over 20 years of financial services experience, Rob started his career with Citibank N.A in London, after which he moved to J.P Morgan as a senior coverage private banker for UHNW and international clients. Outside of his role at DBS, Rob is an Executive Committee Member of the Singapore and Sri Lanka Business Association (SLBA) and a Senior Advisor to the Colombo Chamber of Commerce. An aspiring, part-time tea and cinnamon farmer in Sri Lanka, Rob is actively involved in local community development work, such as raising funds in support of disadvantaged communities.
Said Lawrence Lua, Deputy Head of DBS Private Bank, “As we cement our position as a leading wealth manager in Asia, we believe it is important to continue to deepen our talent pool and we are delighted to welcome Rob to the DBS family. With Rob’s wealth of experience and track record, we will be able to enhance the delivery of our financial and banking capabilities to our clients. We will continue to strengthen our franchise by adding to our talent pool and investing in technology, and are fully committed to enhancing the client experience by combining the best of personal service and digital innovation with bespoke wealth solutions.”
The growth of DBS’ wealth management franchise is robust, fuelled by the organic growth of emerging Asian new wealth and also by the successful execution of its wealth continuum. After the successful acquisition of Société Générale Private Banking Asia in 2014, DBS Private Bank continued to grow from strength to strength. It has also consistently achieved growth of about 20% annually since 2010. As of June 2016, DBS’ high net worth assets under management (HNWIs with more than SGD1.5 million each in investible assets) and assets under management for all wealth customers stand at SGD104 billion and SGD151 billion respectively.
In 2015, DBS Private Bank was named the world’s ‘Most Innovative Private Bank’ by three of the industry’s leading journals. Most recently, DBS was named ‘Best Asian Private Bank’ by FinanceAsia and ‘Best Wealth Manager, Asia’ by The Asset, and more notably, as the ‘World’s Best Digital Bank’ by Euromoney, the first time an Asian bank has won an award in a global category by this publication. These accolades are an endorsement of DBS’ strong culture of innovation and client focus.
DBS - Living, Breathing Asia
DBS is a leading financial services group in Asia, with over 280 branches across 18 markets. Headquartered and listed in Singapore, DBS has a growing presence in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's capital position, as well as "AA-" and "Aa1" credit ratings, is among the highest in Asia-Pacific.
DBS is at the forefront of leveraging digital technology to shape the future of banking, and has been named “World’s Best Digital Bank” by Euromoney. The bank has also been recognised for its leadership in the region, having been conferred “Asia’s Best Bank” by The Banker and Euromoney, and “Asian Bank of the Year” by IFR Asia. The bank has also been named “Safest Bank in Asia” by Global Finance for eight consecutive years from 2009 to 2016.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 22,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.