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DBS appoints Ge CEO of China unit
By Hu Xiaocen |
June 1, 2012, Friday
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Online Edition
Online Edition
DBS Bank appointed Neil Ge, a veteran Chinese banker, as the CEO of the Singaporean lender's China unit today.
The Shanghai-born banker with more than 20 years of banking experience joined DBS today from Credit Suisse Founder Securities. Prior to Ge's tenure in Credit Suisse, he was a managing director at BOC International Holdings Ltd. The appointment is still subject to regulatory approval, the lender said.
The Singapore-based lender said the Chinese mainland is a key market, and the third largest contributor to the banking group, after Singapore and Hong Kong. Net profit of DBS China exceeded 500 million yuan (US$78.7 million) in 2011, more than double from the previous year.
The Shanghai-born banker with more than 20 years of banking experience joined DBS today from Credit Suisse Founder Securities. Prior to Ge's tenure in Credit Suisse, he was a managing director at BOC International Holdings Ltd. The appointment is still subject to regulatory approval, the lender said.
The Singapore-based lender said the Chinese mainland is a key market, and the third largest contributor to the banking group, after Singapore and Hong Kong. Net profit of DBS China exceeded 500 million yuan (US$78.7 million) in 2011, more than double from the previous year.
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