DBS Private Bank hires Lua as Southeast Asia head

DBS Private Bank has hired Lawrence Lua from Julius Baer as managing director and head of its Southeast Asia business based in Singapore. The 53-year-old industry veteran is set to start on April 1.

It’s a role that DBS has sought to fill permanently since Kwong Kin Mun departed in late 2009 to become head of Southeast Asia for Deutsche Bank Private Wealth Management.

Lua will now oversee more than 100 staff in the Singapore-based private banking teams covering Singapore, Indonesia, Malaysia, Thailand and the Philippines, as well as support staff.

Southeast Asia accounts for about half of DBS Private Bank’s business. In an...