H E A R D :

when  sAles  stAff  leAves

cUstOmers  leAve  tOO ?

revenUes  leAve  tOO ?

prOfIts  leAve  tOO ?

sUppOrt  stAff  leAve  tOO ?

system  leAve  tOO ?

. . . . leAve tOO ?

DBS head of consumer banking quits

SINGAPORE

MediaCorp understands that Mr Raju will be taking on a senior position in Deutsche Asset Management. Deutsche declined comment.

Mr Raju’s departure was announced by DBS chief executive Piyush Gupta through an email staff memo seen by MediaCorp yesterday. Mr Raju’s last day in the office is today, while his official last day is Sept 30, the memo said.

Mr Gupta said that consumer banking veterans Linda Wong, Jeremy Soo and Domenic Fuda would assist with running the consumer banking business for the time being. A DBS spokesperson confirmed Mr Raju’s departure and said his successor would be announced shortly.

“Linda will assist me with Taiwan, Hong Kong and China, Jeremy with Singapore, and Domenic with the consumer banking group’s regional functions and other countries,” said Mr Gupta in the memo.

Mr Raju joined DBS’ treasury and markets division in 1999 from Citibank. Later, he also spearheaded the bank’s technology and transactions units.

Mr Raju’s resignation is the latest in a series of high-profile management changes at DBS. The bank recently hired Ms Tan Su Shan as its head of private banking, ending her stint at Morgan Stanley. Mr Sim S Lim, formerly of Citibank, was also hired as DBS Singapore’s Country Manager.— The head of consumer banking of South-east Asia’s largest bank DBS Group Holdings, Mr Rajan Raju, has resigned after almost 11 years with the bank.

bUt

thIs  causes  InvestOrs

tO  vIew  DBS

as  a

BLACK  HOLE

are   sIngapOre  banks

at  wIts  END  ?

sO ?

that was ?

an  INTEGRITY  HEAD ?

bUt  was  PREVOUS  already ?

Hahaha...

     You are right...

          They grow older...

boyikao3      ( Date: 25-Aug-2010 10:05) Posted: People do change, but their silliness don't... iPunter      ( Date: 25-Aug-2010 09:08) Posted: People don't change...        hehehe...

Good advise.  I will buy some to keep and earn dividend 4% better than fixed deposit.

leoleo      ( Date: 25-Aug-2010 08:30) Posted: today will reach 13.56..buy more and hold . senecus      ( Date: 24-Aug-2010 13:52) Posted: Buy and hold........

S’pore: DBS creates new country head role

SINGAPORE

Singaporean veteran banker Sim S Lim will take on the new role and join the bank on Sept 1.

A former Citi banker just like DBS group chief executive Piyush Gupta, Mr Lim’s immediate tasks are to implement the bank’s strategic blueprint which has been laid out by Mr Gupta in February.

This includes looking at strengthening the bank’s distribution capabilities and the payments space, as well as continue building customer assets in consumer and business loans.

Mr Lim was the president and CEO of Citigroup Global Markets Japan from June 2008 to December last year. Before that, he was the chairman of Citibank Hong Kong from April 2007.

DBS added yesterday that it has appointed Mr Sebastian Paredes as CEO of DBS Hong Kong with effect from Sept 13.

Mr Paredes will take over from Ms Amy Yip, who will retire at the end of the year.

Mr Paredes was the former president-director of PT Bank Danamon in Indonesia from 2005 to early this year.— In the wake of the recent IT outage debacle, Southeast Asia’s largest lender DBS\ Group Holdings has announced the creation of a NEW Singapore country manager role yesterday.