DBS names new heads for Hong Kong, Taiwan and Indonesia divisions
Sebastian Paredes, who is chief of the North Asia and Hong Kong unit, will step down on Mar 1, 2027
DBS Bank has announced significant senior leadership changes across its Hong Kong, Taiwan, and Indonesia divisions, effective over the coming months. Chief of North Asia and Hong Kong, Sebastian Paredes, will relinquish his executive duties as DBS Bank's Hong Kong CEO on March 1, 2027. He will continue his association with the bank as a senior adviser.
Paredes, who has led DBS Bank (Hong Kong) since September 2010, also served as chairman of DBS China since April 2023. His responsibilities previously encompassed the North Asia franchise covering Hong Kong, mainland China, and Taiwan. DBS Bank's shares rose by 0.9% or S$0.65 to S$76.50 following the announcement.
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