DBS announces Institutional Banking appointment changes

Singapore.29 Dec 2022

Names Joyce Tee as Head of Institutional Banking Group, DBS China

Appoints Koh Kar Siong as Group Head of SME Banking, DBS

Singapore, 29 Dec 2022 - In line with grooming talent from within, DBS today announced key leadership changes in its institutional banking franchise.

Joyce Tee, currently Group Head of SME (Small and Medium Enterprises) Banking, will be Head of Institutional Banking Group for DBS China with effect from 1 January 2023. In her new role, she will report jointly to Tan Su Shan, Group Head of Institutional Banking and Ginger Cheng, Country Head of DBS China.

As Head of Institutional Banking Group for DBS China, Tee will oversee the overall institutional banking business in China, building on its solid foundation to capture business flows including opportunities from the Greater Bay Area and ride the next wave of growth.

Tee has held several senior roles in DBS’ institutional banking business since October 2004. As Group Head of SME banking, she grew the bank’s SME franchise into a significant contributor of the institutional banking business, leading the regional franchise to record profitability. Tee, together with her leadership teams in the region, has led the transformation of the business through implementation of digital capabilities in onboarding, growing deposits, lending and risk management. Under her leadership, DBS was awarded ‘World’s Best Bank for SMEs’ by Euromoney in 2018 and 2022. She was also recognised by The Asset as the Banker of the Year (Regional) in 2018 and was named as an Institute of Banking and Finance (IBF) Fellow in 2019.

Koh Kar Siong, currently Head of Mid Cap, SME Banking, will succeed Tee as Group Head of SME Banking, reporting directly to Tan with effect from 1 January 2023.

In his new role, Koh will oversee the bank’s SME banking businesses across the region. He will focus on deepening client relationships, driving innovation and end-to-end customer journeys to support client acquisition and transaction activities as well as continue to extend support to SMEs in the face of a challenging macroeconomic environment. He will also be responsible for the strategic operations of Mid Cap corporates and SME businesses across DBS’ six core markets[1], while strengthening the business model and structure to steer the franchise for future growth.

Koh was previously Managing Director and Head of Consumer Banking & Wealth Management, DBS China, from 2015 to 2019. He returned to Singapore to join DBS’ institutional banking business in mid-2019, where he guided the Singapore teams through the Covid-19 period and executed the Mid Cap strategy for Singapore.

Since joining DBS in 2003, Koh has also held the role of Head of POSB. In addition, he led the implementation of DBS’ Wealth Continuum Strategy for both Treasures and Treasures Private Client across the region.

Tan Su Shan, Group Head of Institutional Banking, DBS, said, “These appointments are testament to DBS’ commitment to constantly deepen our core competencies and bench strength as well as bolster our leadership capabilities. I’m delighted that as the World’s Best Bank and Employer of Choice, we are also able to offer our employees exciting and diverse career opportunities outside of Singapore. With their deep experience and extensive industry knowledge, I am confident that Joyce and Kar Siong will take our institutional banking business franchise to the next level.”

[1] Singapore, China, Hong Kong, India, Indonesia and Taiwan


About DBS
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.