DBS Bank strengthens transaction banking business with senior management appointment

Hires seasoned banker Iain Taylor as GTS Chief Operating Officer

Iain Taylor, a familiar name in the transaction banking industry, will join DBS Global Transaction Services as the Chief Operating Officer on 15 September 2015. Taylor will play a strategic role in leading the business to execute against its growth plans.

Taylor is currently the Head of Transaction Banking at New Zealand-based ASB Bank, responsible for building and leading a team of professionals covering payables, receivables, cards, liquidity and connectivity. Under his leadership, the business has doubled over the past three years. Prior to ASB Bank, he spent 18 years at HSBC where he led the payments and cash management businesses in key Asian growth markets such as Singapore, Indonesia and South Korea, as well as held management roles in market development and marketing for transaction banking in Asia Pacific.

John Laurens, Head of Global Transaction Services, DBS said, “Growing the GTS franchise is one of the bank’s strategic priorities and the business has grown from strength to strength the past few years. We are very pleased to have Iain on board as we continue on our journey of making transaction banking a key growth driver of the bank.”

DBS’ Global Transaction Services business has seen a healthy 18% CAGR since 2009. In 2014, the business had a record high income of SGD 1.62 billion, a 9% increase year on year. The business has received numerous accolades, including being recently named the Best Transaction Services House in Asia by Euromoney.

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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 six consecutive years from 2009 to 2014.

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 21,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.