DBS has announced significant senior-level appointments, effective from 1 April 2025, as part of its strategy to nurture talent from within.
Derrick Goh, currently the Head of Group Audit, will transition to the newly created position of Group Chief Operating Officer (COO), where he will oversee the Operations and Transformation Group and join the Group Executive Committee. Meanwhile, Koh Kar Siong, the present Group Head of Corporate and SME Banking, will take over as Group Head of Audit and become a member of the Group Management Committee.
Derrick Goh, who joined DBS in 2008, has held various senior roles, including leading the regional Treasures and Treasures Private Client wealth management business. Koh Kar Siong, with DBS since 2003, has extensive experience across different business units and geographies, having previously led SME Banking in Singapore.
Additionally, Jimmy Ng, the current Group Head of Operations, will retire from executive duties on 1 July 2025. He will continue to contribute as a Senior Advisor for the bank’s artificial intelligence initiatives until the end of the year. DBS CEO Piyush Gupta praised Ng’s contributions, stating, “Jimmy introduced data and analytics, as well as agile ways of working, to the bank long before they were mainstream.”
These appointments underscore DBS’s commitment to developing internal talent and ensuring leadership continuity. The bank’s focus on innovation and transformation remains a priority as it continues to leverage digital technology to shape the future of banking in Asia.
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