DBS beefs up transaction banking management

DBS Bank on Monday announced two senior management appointments as it seeks to build a regional leading transaction banking business, one of the bank's strategic priorities.

John Laurens, an industry veteran with more than 30 years of banking experience, will join DBS on Nov 10 as head of global transaction services (GTS). He will be taking over the reins from Tom McCabe who, after 18 years in Asia, will be relocating to the United States to head the DBS franchise there.

Currently HSBC's Asia-Pacific head of global payments and cash management, Mr Laurens oversees the business across 19 Asia-Pacific markets.