DBS announced today that Lee Woon Shiu has been appointed as the Regional Head of Wealth Planning, Family Office and Insurance Solutions, DBS Private Bank, effective 18 March 2019.

His key responsibilities include driving the expansion of the bank’s wealth planning, family office and insurance offerings, and providing holistic solutions and advisory for high net worth families. Lee will report to Sim S. Lim, Group Head of Consumer Banking and Wealth Management, DBS Bank.

Lee was most recently Head of Wealth Planning, Trust and Insurance at Bank of Singapore. Since joining the bank in 2004, he led the set-up of the Trust Marketing Division in Asia and was instrumental in helping to penetrate new trust markets in Greater China, Brunei, India, Sri Lanka, Middle East and Africa. He is an industry veteran with over 20 years of experience in advising numerous ultra-high net worth families in Asia Pacific on the strategic structuring of their estate and succession concerns, and engaging multi-generational families on the establishment and implementation of family governance and philanthropy strategies.

Said Sim S. Lim, Group Head of Consumer Banking & Wealth Management, DBS Bank, “With Asia at the cusp of a significant intergenerational wealth transfer, we are committed to being our clients’ partner of choice as we help to grow, manage and protect their family’s assets and legacy over time. With his wealth of experience and in-depth understanding of Asian families’ needs and priorities, Woon Shiu will be a great addition to our team as we look to strengthen our suite of services and capabilities, and cement our position as a leading wealth manager in the region.”

Lee is actively involved in the academic community as an Adjunct Professor at the Wealth Management Institute (WMI) at Nanyang Technological University of Singapore, and has been appointed Expert Panel Member of WMI to provide guidance to the institute and its faculty in developing new IBF Standards and Curriculum for Wealth Planning for the private banking, trust and wealth planning industry of Singapore. He is also an Advocate & Solicitor of Singapore, a Solicitor of England & Wales and an accredited Trust & Estate Practitioner under the International Society of Trust and Estate Practitioners. He graduated with a Bachelor of Laws from the National University of Singapore.

In 2018, DBS Private Bank was accorded “Best Private Bank in Asia-Pacific” and “Best Private Bank for Innovation” by Professional Wealth Management/ The Banker, and was also named “Best Private Bank for Entrepreneurs” by Global Finance.

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About DBS
DBS is a leading financial services group in Asia with a presence in 18 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 “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. 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. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for ten consecutive years from 2009 to 2018.

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 26,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.

DBS Private Bank appoints Lee Woon Shiu as Regional Head of Wealth Planning, Family Office and Insurance Solutions