DBS names head of private banking

Singapore's DBS Bank has appointed Tan Su Shan as head of private banking, including asset management, to succeed Amy Yip, who remains Hong Kong chief executive at DBS.

Tan will join on July 1 following her gardening leave from Morgan Stanley, where she has been Singapore-based head of private wealth management PWM for Southeast Asia since May 2008. She will be a member of DBS's group management committee, reporting to chief executive Piyush Gupta.

Morgan Stanley has not yet named a permanent replacement, but has appointed one of the team's managing directors as interim head for Singapore PWM, say sources familiar with the situation.

One of...