Peter assumes this role from Januar Tjandra, who has retired. As Head of Private Banking for Greater China, Peter is responsible for managing and developing DBS' private banking business in Hong Kong, Macau, Mainland China and Taiwan.
Peter has over 26 years of industry experience, including more than 17 years with Morgan Stanley Asia Private Wealth Management. He was also Head of the Ultra High Net Worth Greater China business at UBS Wealth Management for over four years. Prior to DBS, Peter was a Partner at Venturous Capital, a family office specialising in smart city technology investments.
DBS Hong Kong CEO Sebastian Paredes said, “As we take our position as a leading wealth manager in Hong Kong and Greater China to the next level, it is important to build leadership bench strength in the bank. Peter is an industry veteran, and brings with him a deep understanding of the needs of high net worth individuals and families, which is invaluable as we seek to further grow our wealth management business and enhance our strategic capabilities.”
Joseph Poon, Group Head of DBS Private Bank, said, “The Greater China market remains a key focus as we continue to strengthen our position as a leading wealth manager in Asia. With Peter’s deep expertise spanning private wealth management, corporate finance and investment advisory, we believe he will be a valuable addition to the team, and are excited to have him on board this journey.”
Photo Caption
Peter Tung has been appointed as Head of Private Banking for Greater China, at DBS Bank (Hong Kong) Limited.
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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 “World’s Best Bank” by Euromoney, “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 11 consecutive years from 2009 to 2019. 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 28,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.
