DBS makes two senior hires

DBS Group Holdings announced two senior appointments yesterday, both former veteran Citi bankers. Sebastian Paredes will join as chief executive officer of DBS Hong Kong, and Sim Lim will take up a newly created post as DBS’s Singapore country manager.

Sebastian Paredes

Paredes, an Ecuadorian citizen, spent 20 years at Citi, with top positions in South America, the Middle East, Asia, Europe and Africa, before joining Indonesia’s Bank Danamon as president director in 2005. As CEO of Citigroup South Africa and regional head of sub-Saharan Africa between 2002 and 2005 Paredes had responsibility for 11 markets. He has built a reputation for managing in...