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DBS Appoints COO of Institution Banking Group Lim Chu Chong as Head of DBS Indonesia, Succeeds Paulus Sutisna, $1 Trillion GDP & 279 Million Population
4th August 2022 | Hong Kong
DBS has appointed the Chief Operating Officer (COO) of DBS Institution Banking Group (IBG) Lim Chu Chong as the new Head of DBS Indonesia (President Director of PT Bank DBS Indonesia), succeeding Paulus Sutisna who was appointed as President Director of DBS Indonesia in 2015. Paulus Sutisna had expanded the DBS Indonesia franchise and transformed it into a leading digital banking player, overseeing the successful integration of ANZ Indonesia’s consumer and wealth business with DBS in 2018, and the launch of digibank Indonesia in 2017. The new Head of DBS IndonesiaLim Chu Chong, has over 25 years of experience in institutional, SME and consumer banking, including establishing a new DBS Customer Experience Office, Board member of DBS Foundation, Regional Head of SME Banking and Head of DBS Institution Banking Group (IBG) China. Indonesia is the largest economy in Southeast Asia and the 17th largest economy in the world with over $1 trillionGDP. Indonesia has a population of over 279 million and is the 4th largest country by population in the world (China, India, United States, Indonesia).
“ DBS Appoints COO of Institution Banking Group Lim Chu Chong as Head of DBS Indonesia, Succeeds Paulus Sutisna “
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DBS CEO Piyush Gupta:
DBS Group CEO Piyush Gupta
“Indonesia is a key market for DBS, and under Paulus’ leadership, our business has not only grown but become more diversified, with good balance across the consumer/ wealth and institutional banking segments. In recent years, he has also brought our strong digital capabilities to bear in the market, enabling us to deliver seamless banking to clients. As a career DBS banker with deep business and market experience, I am confident that Chu Chong will build on our strengths in Indonesia and take the business to the next level.”
Paulus Sutisna
Since being appointed President Director of DBS Indonesia in 2015, Sutisna has expanded the Indonesia franchise and transformed it into a leading digital banking player. In particular, he oversaw the successful integration of ANZ Indonesia’s consumer and wealth business with DBS in 2018, and the launch of digibank Indonesia in 2017. In recent years, DBS Indonesia has won multiple awards and accolades, including being named No. 1 in Forbes’ “World’s Best Banks” ranking for Indonesia in 2021.
Lim Chu Chong
DBS Lim Chu Chong
Lim Chu Chong, a career DBS banker, has over 25 years of experience in institutional, SME and consumer banking. He is no stranger to Indonesia, having previously been Commissioner of DBS Indonesia. In his current role as DBS IBG COO, he has led key business transformations. These include establishing a new Customer Experience Office to enhance customer engagement, as well as setting up an Employee Experience Office to improve employee experience and drive productivity. As a current Board member of DBS Foundation, he also promotes the development of entrepreneurship and social enterprises. Between 2016 and 2019, he was Head of DBS IBG China. Prior to that, he was Regional Head of SME Banking.
About DBS
DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank’s “AA-” and “Aa1” credit ratings are among the highest in the world.DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting social enterprises: businesses with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping communities with future-ready skills and building food resilience.
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