SINGAPORE: Singapore’s largest bank DBS on Wednesday ( Feb 12 ) announced two senior-level appointments, including the newly created role of group chief operating officer.
Mr Derrick Goh, who is also a Member of Parliament for Nee Quickly GRC, may be group Giggle from Apr 1, overseeing , both the procedures and change party. He is presently the head of team audit for DBS.
Before he ran in the 2020 General Election, Mr. Goh has worked for DBS since 2008 and has held a number of top positions in the institution.  ,
He oversaw the geographical Treasures and Treasures Private Client money management business before heading group inspection in 2018. Before that, he was head of POSB and Consumer Banking Group ( CBG ) Distribution in Singapore.
He also serves as the head of Finance, Group Planning, and Analysis at DBS, as well as the local Giggle and chief financial officer of Institutional Banking Group.
Mr. Goh may take Mr. Koh Kar Siong as group head of audit on April 1. He will be followed by Mr. Koh Kar Siong as group head of business and Corporate banking.
Mr Koh, who joined DBS in 2013, has worked across several business models and businesses. Before his present position, he was scalp of SME bank in Singapore. Additionally, he held important jobs in the consumer banks and money management, including leading CBG and POSB in Singapore and CBG in China.
The administration changes reflect DBS ‘ strong bench and demonstrate the success of our attempts to develop the next generation of leaders from within, according to DBS CEO Piyush Gupta.  ,
When Mr. Gupta retires at the following annual general meeting on March 28, 2025, the bank announced past August that Ms. Tan Su Shan would take his place.
In the past of DBS, Ms. Tan will be the first woman CEO. She joined the lender in 2010 and is credited with boosting the business ‘ consumer banking and wealth management division at DBS.