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DBS Appoints Hou Wey Fook as Chief Investment Officer
DBS has appointed Hou Wey Fook as Chief Investment Officer for Consumer Banking & Wealth Management reporting to Tan Su Shan, Group Head of Consumer Banking & Wealth Management. He will be responsible for investment strategies including global strategic and tactical asset allocations for our clients.
” DBS appoints Hou Wey Fook as CIO “
Wey Fook has 30 years of fund management experience, and was most recently at Bank of Singapore where he held various senior management roles including Chief Investment Officer, Head of Discretionary Portfolio Management (DPM) and Funds.
He started his career at Government of Singapore Investment Corp (GIC) followed by OCBC Asset Management before joining ING Asia Private Bank, later renamed Bank of Singapore. He will start his new role in early September and the current CIO, Lim Say Boon will be leaving DBS to return to Australia for family reasons.
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Said Tan Su Shan, Group Head of Consumer Banking & Wealth Management, DBS Bank, “As we further entrench our position as a leading wealth manager in Asia, it is important to identify and build deep bench strength in our bank, and we are delighted to welcome Wey Fook to the DBS family. Wey Fook brings with him a wealth of investment and advisory experience and with him joining the bank, we are taking our business to the next level with a strong focus on enhancing the delivery of quality investment advice and asset management solutions to our clients. We will continue to strengthen our franchise by adding to our talent pool and investing in technology, and are fully committed to enhancing the client experience by combining the best of personal service and digital innovation with bespoke wealth solutions.”
“I would also like to thank Say Boon for his invaluable contribution and leadership during his time with DBS. He has been an integral part of the leadership team in building out our wealth platform and offering, and has been instrumental in putting DBS bank firmly on the global map as a wealth management player to be reckoned with.”
DBS Bank Ltd (SGX:D05) is a Singaporean multinational banking and financial services company. The company was known as The Development Bank of Singapore Limited, before the present name was adopted in July 2003 to reflect its changing role as a regional bank. Founded in 1968, DBS acquired POSB (Post Office Savings Bank) in 1998. With over
280 branches across 18 markets in Asia, DBS serves over four million customers in the three key Asian axes of growth, namely, Greater China, Southeast Asia and South Asia.
Managing $20 million to $3 billion. Investing $3 million to $300 million.
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