DBS strengthens transaction banking with senior management appointment

DBS Bank has hired seasoned banker Iain Taylor as its global transaction services (GTS) chief operating officer. Mr Taylor will play a strategic role in leading the business to execute its growth plans when he joins DBS on Sept 15.

Mr 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 the 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."