DBS appoints Lim Soon Chong as group head of global transactions services

DBS D05 : D05 0% on Monday announced that Lim Soon Chong will be appointed as the bank's group head of global transactions services to replace John Laurens, who will be retiring.

Formerly the group head of investment products and advisory for DBS's consumer banking and wealth management business, Mr Lim will take over from Aug 1 this year.

In its statement, DBS noted that since joining the bank in 2006, Mr Lim has led a broad range of assignments across different functions including consumer, wealth, corporate treasury and risk management.

Following his new appointment, Mr Lim will also continue as head of digital for the bank's institutional banking group, where he will drive digital initiatives across the bank's institutional banking business.

To help with the transition, Mr Laurens will remain as a senior adviser until Dec 31, 2021.

Since joining DBS in 2014, the bank noted that Mr Laurens has been instrumental in building the bank's transaction banking business, and played a key role in leading the bank to clinch several prestigious awards, such as the Overall Best Service (Global) #1 in Euromoney's Cash Management Survey 2020.

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Sriram Muthukrishnan will take over Mr Lim's other role as group head of product management for the global transactions services business. From Aug 1, he will take charge of the bank's cash and trade products and services across the region for both large corporates and small businesses.

With more than 20 years of banking experience, Mr Muthukrishnan is currently the bank's group head of trade product management. Since joining DBS in November 2018, he has led the bank's trade finance and supply chain finance business.

Mr Lim said that Mr Muthukrishnan's appointment shows the bank's commitment to developing leadership from within.

"We remain committed to efforts to rotate our senior leaders around different functions and markets to hone their business acumen and technical skill sets to ensure they are well equipped to navigate the challenges and opportunities of tomorrow," he said.