DBS Hong Kong appoints Wallace Lam as Managing Director and Head of Institutional Banking Group
Since joining DBS last August as Deputy Head of Institutional Banking Group, Hong Kong, Wallace has overseen various collaborations across product groups and lines of business. Prior to DBS, he held numerous senior management positions at HSBC, including Head of Corporate, Commercial Banking, Hong Kong; Co-Head of Global Banking, Hong Kong; Head of Client Coverage, Mainland China; and Managing Director and Head of High Yield Capital Markets and Commercial Banking Debt Origination, Asia Pacific.
Wallace will succeed Alex Cheung, who will retire at the end of this year. During Alex’s 13-year tenure at DBS Hong Kong, he has played an instrumental role in deepening the Bank’s client relationships, expanding the Institutional Banking Group business, and fostering internal talent. Under his leadership, the Bank has grown into one of Hong Kong’s largest corporate and institutional banks by revenue, and was recognised as the Best Bank in Hong Kong. Alex will work with Wallace to facilitate a smooth transition.
Sebastian Paredes, Chief Executive Officer of DBS (Hong Kong) Limited, stated, “I would like to express my gratitude to Alex for his remarkable leadership and significant contributions over the years. I also wish to congratulate Wallace, whose extensive experience will be indispensable for driving the continued growth and digital transformation of the Institutional Banking Group.”
Wallace is a member of the Supervisory Board, the Audit Committee, and Taskforce on Financing of the Hong Kong Housing Society; member of the Funds Management Sub-Committee of the Hong Kong Housing Authority; Executive Committee Member of the Hong Kong Institute of Bankers as well as member of the Career Development Advisory Council of the Hong Kong University of Science and Technology Business School.
Wallace graduated from the Haas School of Business, University of California at Berkeley, USA, holding a Bachelor of Science Degree in Business Administration with double emphases in Finance and Marketing.
DBS Bank (Hong Kong) Limited is pleased to announce the appointment of
Wallace Lam as Managing Director and Head of Institutional Banking Group,
Hong Kong, with effect from 1 January 2023.
 DBS honoured as Best Bank in Hong Kong by four top-tier financial publications for the first time
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia“ award by Global Finance for 14 consecutive years from 2009 to 2022.
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, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting social enterprises: businesses with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping communities with future-ready skills and building food resilience.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.