DBS boosts Indonesia private banking with two key hires

DBS Private Bank has appointed two senior bankers to its Indonesia team. Stanley Puah Soon Kwang and Tan See Wee joined in January and are both based in Singapore.

The two hires bring the number of staff on the Indonesia team to about 40, an increase of nearly 25% during the past year. At the end of 2010, DBS Private Bank employed more than 330 staff across the region.

Indonesia, together with China, India and Taiwan, are priority growth markets for DBS, as group chief executive Piyush Gupta announced in his “strategic roadmap” last year. Regional wealth management is also a major focus as DBS attempts to fulfil its ambitious plans...