DBS strengthens fast-growing Global Transaction Services business with senior management hire

Singapore, 18 Sep 2017 - DBS Bank, which has made significant strides in its transaction banking business, today announced the appointment of Mark Troutman as Group Head of Sales for the bank’s Global Transaction Services (GTS) unit.

Troutman was previously the Global Head of Corporate Sales for HSBC’s Payments and Cash Management product group. In this role, he led the strategy and development of corporate sales across the bank’s commercial banking, global banking and markets businesses. He has over 25 years of experience in cash management and trade finance, managing relationships with multinational companies, SMEs, public sector companies and financial institutions. Prior to joining HSBC, Troutman held several senior roles in JP Morgan and Bank of America, across international markets such as US, Hong Kong, Singapore and Australia.

"Global Transaction Services is a strategic priority for the bank given its essential role in deepening our Institutional Banking Group customer relationships and as a driver of revenue growth for the Group. We are therefore excited to have Mark join the team in this senior leadership role as we continue on our journey to lead and develop transaction banking across Asia for our customers, existing and new," said John Laurens, Head of Global Transaction Services, DBS Bank.

The GTS business constitutes 31% of the bank’s institutional banking business income. For the first half of 2017, GTS income grew 14% year on year. DBS was also named Best Transaction Bank, Asia by The Asset, as well as Best Trade Finance Provider, Asia Pacific and Best Overall Bank for Cash Management, Asia Pacific by Global Finance earlier this year. 

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About DBS
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 "AA-" and "Aa1" credit ratings, is among the highest in the world.

DBS is at the forefront of leveraging digital technology to shape the future of banking, and has been named “World’s Best Digital Bank” by Euromoney. The bank has also been recognised for its leadership in the region, having been named “Asia’s Best Bank” by several publications including The Banker, Global Finance, IFR Asia and Euromoney since 2012. In addition, the bank has been named “Safest Bank in Asia” by Global Finance for nine consecutive years from 2009 to 2017.

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 22,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.