DBS Bank poaches Standard Chartered’s Vijay Vashist

DBS Bank DBS has appointed Standard Chartered’s Vijay Vashist to a newly created role as group product head of open account trade within its global transaction services GTS business. Vashist, who has more than 20 years experience in the factoring, supply chain and traditional trade business lines, joins DBS from Standard Chartered where he was managing director and global head of open account trade finance.

Vashist will report to DBS’s group head of product management of GTS, Lum Yin Fong, who is responsible for overseeing both the bank's trade and cash management product lines.

“Vashist is a valuable addition to our team and I...