DBS Announces 3 New Senior Leadership Appointments: Han Kwee Juan Appointed as Group Head of Institutional Banking (IBG) Succeeding Tan Su Shan, Lim Him Chuan as Singapore Country Head and Shee Tse Koon as President Commissioner of PT Bank DBS Indonesia
10th December 2024 | Hong Kong
Singapore largest bank DBS has announced 3 new senior leadership appointments, with Han Kwee Juan appointed as Group Head of Institutional Banking (IBG) succeeding Tan Su Shan (1/1/25), Lim Him Chuan as Singapore Country Head (1/1/25) and Shee Tse Koon as President Commissioner of PT Bank DBS Indonesia (20/11/24). Announcement 1 (9/12/24): “Subsequent to Tan Su Shan’s appointment as Group CEO effective 28 March 2025, DBS today announced two consequent senior-level appointments that will take effect on 1 January 2025: 1) Han Kwee Juan, presently DBS Singapore Country Head, will succeed Tan as Group Head of Institutional Banking (IBG), 2) Lim Him Chuan, presently Group Head of Strategy, Transformation, Analytics & Research (GSTAR), will take over the role of Singapore Country Head. In their new roles, both Han and Lim will continue to be members of DBS’ Group Executive Committee and report to DBS CEO Piyush Gupta. Han has led the DBS Singapore franchise since 2023. Under his leadership, DBS held its market leadership position in key lines of businesses including deposits, credit cards and mortgage loans. He also drove greater synergy between Consumer and Institutional Banking, further solidifying DBS’ “one-bank” customer proposition. Additionally, he played an instrumental role in entrenching DBS and POSB’s role in the community. Han had joined DBS in 2019 after a 27-year career at Citigroup, where his last position was CEO of Citi Singapore. At DBS, he also double-hatted as Acting Chief Information Officer (CIO) between November 2023 and May 2024. As Acting CIO, he helped to strengthen DBS’ technology resiliency. Prior to his current role as Singapore Country Head, he was Group Head of Strategy and Planning. In his 23 years at DBS, Lim has worked across geographies, as well as in a mix of business and risk management functions. In his current role as Group Head of GSTAR, he is responsible for driving the ongoing transformation agenda of DBS, including the institutionalisation of Artificial Intelligence and Gen AI. Additionally, DBS further entrenched the Managing through Journeys way of working under his leadership. From 2018 to 2023, Lim was CEO of DBS Bank Taiwan in which capacity he led the successful acquisition of Citi Taiwan’s consumer banking business, making DBS the largest foreign bank in Taiwan. Prior to that, he held leadership positions in various roles including at Risk Management Group, Group Audit, Institutional Banking Group and Global Transaction Services. Announcement 2 (3/12/24): “Shareholders of PT Bank DBS Indonesia officially appointed Shee Tse Koon as its new President Commissioner effective 20 November 2024. Shee replaces Tan Su Shan Carrie, Deputy CEO and Group Head of Institutional Banking at DBS, who has served 10 years as President Commissioner in PT Bank DBS Indonesia … … Tse Koon is no stranger to PT Bank DBS Indonesia, having previously served as a member of Board of Commissioners from 2020 to 2022. Currently, Tse Koon holds the role of Group Executive and Group Head of the Consumer Banking Group and Wealth Management at DBS Group. Tse Koon currently sits on the Board of Directors of NETS Pte Ltd and is the Chairman of the Association of Banks in Singapore’s (ABS) Culture and Conduct Steering Group. He is on the Board of National Volunteer & Philanthropy Centre, a member of Advisory Board for Wealth Management of Singapore Management University (SMU), and is also a member of the Board of Nanyang Polytechnic. Tse Koon champions gender diversity and is a mentor with BoardAgender by Singapore Council of Women’s Organisation.” In 2024 August, DBS appointed Tan Su Shan (Age 56) as the next DBS CEO, succeeding Piyush Gupta (Age 64) who will be retiring on 28th March 2025 after 43 years including 15 years as DBS CEO & 27 years at Citigroup (last role was Citi CEO South East Asia, Australia & New Zealand). With the announcement, Tan Su Shan is appointed as Deputy CEO in addition to her current role as DBS Group Head of Institutional Banking.
“ DBS Announces 3 New Senior Leadership Appointments: Han Kwee Juan Appointed as Group Head of Institutional Banking (IBG) Succeeding Tan Su Shan, Lim Him Chuan as Singapore Country Head and Shee Tse Koon as President Commissioner of PT Bank DBS Indonesia “
DBS CEO Piyush Gupta: “The management change reflects DBS’ deep bench strength and our commitment to grooming talent from within. Kwee Juan and Him Chuan are key members of our senior management team who have proven to be capable leaders. Under their leadership, the bank has delivered enhanced value to our customers, employees, shareholders and communities. I have no doubt that they will both continue to excel in their new roles and serve as key members of Su Shan’s leadership team in days to come.”
President Director PT Bank DBS Indonesia Lim Chu Chong: ”We are pleased to welcome Tse Koon as the new President Commissioner of PT Bank DBS Indonesia. With 29 years of experience in the financial industry and a deep familiarity of the DBS Group, including two years on the Board of Commissioners of PT Bank DBS Indonesia, we are confident that Tse Koon’s appointment will further enhance the bank’s position in Indonesia. We look forward to working with Tse Koon and the Board to deepen the bank’s role in Indonesia as a trusted advisor for business growth and trusted wealth manager while reinforcing our commitment to creating positive impact beyond banking.”
President Commissioner of PT Bank DBS Indonesia Shee Tse Koon: “I am honored and excited to be appointed President Commissioner at PT Bank DBS Indonesia. Indonesia is one of DBS Group’s core markets, and its vibrant and dynamic economy holds immense growth potential, making it a critical part of our regional strategy. I am committed to further advancing the bank’s growth by leveraging our strengths to deliver innovative solutions and meaningful impact for our customers, partners, and the community. I look forward to working alongside our Commissioners, Directors, and our talented team to further solidify our position as a trusted leader in the financial industry and a key player in Indonesia’s economic development.”
DBS – DBS is a leading financial services group in Asia with a presence in 19 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.
Singapore Largest Bank DBS Appoints Tan Su Shan (Age 56) as Next DBS CEO Succeeding Piyush Gupta (Age 64) Who Will be Retiring on 28th March 2025 after 43 Years Including 15 Years as DBS CEO & 27 Years at Citigroup, Tan Su Shan Appointed as Deputy CEO in Addition to Current Role as Group Head of Institutional Banking, Tan Su Shan Joined DBS in 2010 & Has 35 Years of Financial Industry Experience Including at Citi & Morgan Stanley in London, Tokyo, Hong Kong & Singapore, Held Senior Roles at DBS Including Group Head of Consumer Banking & Wealth Management and President Commissioner of DBS Indonesia, Tan Su Shan was Singapore Nominated Member of Parliament from 2012 to 2014, Board Member of Mapletree Pan Asia Commercial Trust & Advisory Board Member of UK Billionaire James Dyson Family Office Weybourne Holdings
7th August 2024 – Singapore largest bank DBS ($73 billion market value) has appointed Tan Su Shan (Age 56) as the next DBS CEO, succeeding Piyush Gupta (Age 64) who will be retiring on 28th March 2025 after 43 years including 15 years as DBS CEO & 27 years at Citigroup (last role was Citi CEO South East Asia, Australia & New Zealand). With the announcement, Tan Su Shan is appointed as Deputy CEO in addition to her current role as DBS Group Head of Institutional Banking. Tan Su Shan joined DBS in 2010, and has 35 years of financial industry experience including at Citi & Morgan Stanley in London, Tokyo, Hong Kong & Singapore. Tan Su Shan had held senior roles at DBS including as Group Head of Consumer Banking & Wealth Management and President Commissioner of DBS Indonesia. Tan Su Shan was Singapore Nominated Member of Parliament from 2012 to 2014, is a Board Member of Mapletree Pan Asia Commercial Trust, and is an Advisory Board Member of UK billionaire James Dyson family office Weybourne Holdings.
DBS (7/8/24): “We announced today that the Board had appointed Tan Su Shan as Deputy CEO, in addition to her present role as Group Head of Institutional Banking. She will succeed Piyush Gupta as CEO when he retires at the next AGM on 28 Mar 2025. Su Shan, 56, brings solid credentials to her new role, having had more than 35 years of experience in consumer banking, wealth management and institutional banking. Besides Singapore, she has worked in major financial centres such as Hong Kong, Tokyo and London. Su Shan joined DBS in 2010 and spent the first three years building the foundations of the Wealth Management business. She subsequently spent almost equal lengths of time managing the Consumer Banking / Wealth Management and the Institutional Banking businesses, which account for 90% of DBS’ income. Su Shan led the day-to-day efforts to operationalise the bank’s digitalisation strategy across the businesses she ran. She has been President Commissioner of DBS Indonesia since 2014. Her appointment is the culmination of a decade-long succession process where we benchmarked external candidates against a strong field of internal candidates. Following the evaluation, Su Shan was deemed the strongest of all the candidates.”
DBS Chairman Peter Seah: “Under Piyush’s leadership, DBS has been transformed into a high-performing, high-returns institution recognised simutaneously for stability and innovation. Su Shan’s strategic orientation, track record in building businesses, familiarity with technology, leadership ability as well as strong stakeholder management and communication skills make her the ideal successor. Importantly for us, she also embodies the DBS culture. I am pleased that a Singaporean with global experience has emerged as the best candidate to lead an iconic Singapore institution and build on the legacy that Piyush will leave us.”
Piyush Gupta: “Su Shan has worked closely with me for more than a decade to bring the bank to where it is today. She was instrumental in building the Wealth Management, Consumer Banking and Institutional Banking businesses since she joined, and took personal ownership to operationalise our digitalisation strategy. With her appointment, we can be assured that the trajectory of DBS’ transformation will continue well into the future.”
Tan Su Shan: “I am deeply honoured to have been selected to succeed Piyush. Leading the continued transformation of DBS is a tremendous privilege and responsibility. Some months after Piyush joined as CEO, he called to persuade me to join DBS. I responded to that call and quit the foreign bank I was working at the next day. Joining DBS felt like a homecoming – it is the bank I grew up with, and also the company where I first interned. The last 14 years have been a tremendous ride. I am proud of the founding mission of DBS – financing Singapore’s growth – and will continue to ensure that it is a brand that stands tall not just in Asia but also the world stage.”
Tan Su Shan, Institutional Banking, Group Executive, DBS – Su Shan is the Global Head of Corporate and Commercial Banking at DBS. DBS is the largest bank in Southeast Asia with a market capitalisation of US$100 billion (May 2024). Prior to leading the corporate banking business, she was Group Head of Consumer Banking and Wealth Management for close to a decade. Su Shan sits on the advisory board of Dyson’s family office, Weybourne Holdings, and is a board member of Mapletree Pan Asia Commercial Trust. She previously served as a Nominated Member of Parliament in Singapore from 2012 to 2014. In October 2014, Su Shan became the first Singaporean to be recognised as the world’s “Best Leader in Private Banking” by PWM/The Banker, a wealth publication by the Financial Times Group. In 2018, she was nominated by Forbes Magazine as a “Top 25 Emergent Asian Woman Business Leader”. In the same year, she was also named “Retail Banker of the Year” by the Digital Banker in their inaugural Global Retail Banking Innovation Awards. Su Shan graduated with a Master of Arts from Lincoln College, Oxford University where she studied Politics, Philosophy and Economics. She has also completed executive leadership courses in Harvard Business School, Stanford Business School and Singularity University.
Piyush Gupta, CEO, DBS Group – Mr. Piyush Gupta has been Chief Executive Officer and Director of DBS Group since 2009. DBS is a leading financial services group in Asia, headquartered in Singapore. Recognised for its global leadership, DBS has been named “World’s Best Bank” by several global publications like Euromoney and Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, and was also named “World’s Best Digital Bank” by Euromoney. In addition, in 2019, DBS was listed among the top ten most transformative organisations of the decade by Harvard Business Review. Prior to joining DBS, Piyush had a 27 year career at Citigroup, where his last position was Chief Executive Officer for South East Asia, Australia and New Zealand. Piyush is currently the Chairman of the Board of Trustees of Singapore Management University, and Chairman of the Mandai Park Holdings Board. He is also Vice-Chairman of the Institute of International Finance, Washington, and Vice-Chairman of the World Business Council for Sustainable Development (WBCSD) Executive Committee. In addition, he is a member of Singapore’s Advisory Council on the Ethical Use of AI and Data. He sits on the boards of Singapore’s National Research Foundation, and the Singapore’s Council for Board Diversity. Piyush is a term trustee of the Singapore Indian Development Association (SINDA). Previously, he has been a member of the Singapore Emerging Stronger Taskforce, aimed at defining Singapore’s future in a post-Covid world, the UN Secretary General’s Task Force on Digital Financing of the Sustainable Development Goals, and the McKinsey Advisory Council. Piyush has a Bachelor of Arts (Honours) Degree in Economics from St. Stephen’s College, Delhi University, India and a Post Graduate Diploma in Management from IIM, Ahmedabad. Piyush was awarded the Public Service Star by the President of Singapore for his meritorious services to the nation in 2020. He is a recipient of the 2023 Pravasi Bharatiya Samman Award, the highest honour conferred by the Indian Government on the country’s diaspora. Piyush was named one of the world’s top 100 best-performing chief executives in Harvard Business Review – 2019 edition of “The CEO 100”. He was named Global Indian of the Year by the Economic Times in 2021, Singapore Business Awards’ Outstanding Chief Executive of the Year in 2016, and Singapore Business Leader of the Year by CNBC in 2014. In his personal capacity, Piyush takes a keen interest in nature, and is a Co-Chairman of the BirdLife International Advisory Group.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
