DBS Announces Senior-Level Appointments Ahead of 2025 Executive Changes

DBS Bank has announced a series of senior-level appointments, set to take effect on 1 April 2025. These changes reflect the bank’s ongoing efforts to promote internal talent and enhance its leadership structure.

Derrick Goh, who currently heads Group Audit, will take on the newly established role of Group Chief Operating Officer (COO). Goh will oversee the Operations and Transformation Group, with his new position also making him a member of the Group Executive Committee. Goh has been with DBS since 2008, holding various leadership positions within the bank, including roles in wealth management, consumer banking, and institutional banking.

Koh Kar Siong, presently the Group Head of Corporate and SME Banking, will succeed Goh as the Group Head of Audit. Koh has been with DBS since 2003 and has gained experience across multiple businesses and regions, including leading SME Banking in Singapore and holding senior roles in the bank’s consumer banking and wealth management divisions.

Additionally, DBS announced the retirement of Jimmy Ng, the Group Head of Operations, who will step down from executive duties on 1 July 2025. Ng has been with the bank for 15 years and played a key role in the development of DBS's innovation strategies, particularly in the areas of data analytics and agile working. He will continue to contribute as a Senior Advisor for artificial intelligence initiatives at the bank until the end of 2025.

Piyush Gupta, DBS CEO, acknowledged the bank’s efforts in developing its leadership from within and thanked Jimmy Ng for his significant contributions to the bank’s innovation strategies. The upcoming leadership changes will ensure a smooth transition as the bank continues to focus on its growth and transformation.