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CHINA,29 March 2016 -

29 March 2016, Shanghai - DBS Bank (China) announced today the appointment of  Bruce Alter as Head of Global Transaction Services (GTS), overseeing the China transaction banking business. Bruce replace replaces Tuck Wai Chan who returned to Singapore to continue to focus on building the GTS franchise at the Group level.

Bruce joins the bank with close to 30 years experience in the banking industry, having started his banking career in transactional banking in Bank Boston and worked in major financial institutions including Citibank, JP Morgan, Wells Fargo and ANZ.  Most recently, he was HSBC China’s Head of Trade Finance.

Throughout his extensive career, Bruce has worked in Taiwan, Philippines, Hong Kong, Singapore and Mainland China, acquiring deep market insights and establishing a strong regional network.

DBS Bank (China) Chief Executive Officer Neil Ge said, “With a strong understanding of Asian markets, and appreciation of the diverse cultures and business models in this region, Bruce is well-placed to bring about relevant innovations and help clients seize opportunities effectively from the China’s financial reforms ahead.

About DBS
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 has been recognised for its leadership in the region, having been named “Asia’s Best Bank” by The Banker, a member of the Financial Times group, and “Best Bank in Asia-Pacific” by Global Finance. The bank has also been named “Safest Bank in Asia” by Global Finance for seven consecutive years from 2009 to 2015.

DBS provides a full range of services in consumer, SME and corporate banking activities across Asia. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. These market insights and regional connectivity have helped to drive the bank’s growth as it sets out to be the Asian bank of choice. 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.

About DBS Bank (China)

DBS Bank (China) Limited (DBS China) is a subsidiary of DBS, one of Asia’s leading financial services groups. Formerly the Development Bank of Singapore, DBS opened its first representative office in Beijing in 1993 and was among the first group of foreign banks and the first Singapore bank to incorporate in China in May 2007. Since then, DBS China has rapidly expanded its franchise across the country, currently operating out of 11 branches and 23 sub-branches and has more than doubled its staff strength to over 2,300. DBS China’s business focuses are institutional banking, global transaction services, treasury and markets, SME banking as well as consumer banking targeting the affluent segments.

DBS China is among the first batch of financial institutions and one of the first two foreign banks, to obtain approval for setting up an outlet, receive operational approval and the first foreign bank to open for business in the China (Shanghai) Pilot Free Trade Zone.

China is DBS’ key priority market. The strengths of our franchise in China have been recognized by esteemed regional and local media, government bodies and industry associations such as being conferred the ‘2014 Top 10 Successful ASEAN Companies in China’ award by the China-ASEAN Business Council (CABC); Global Finance (Stars of China: 2014 Best Corporate Bank, 2015 Best Consumer Bank, 2011 -2015 Best Treasury and Cash Management and 2014-2015 Best Trade Finance Provider among foreign banks) and The Asset (Best Wealth Manager, China, Best Structured Trade Finance Solution, China, 2014-2015). For more information, please visit www.dbs.com.cn.

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