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HONG KONG,08 March 2016 -

Royce Teo has been appointed to the role of Managing Director and Head of Consumer Banking Group and Wealth Management at DBS Bank (Hong Kong) Limited, effective today. Royce succeeds Pearlyn Phau, who has taken up the position of Deputy Group Head of Consumer Banking Group and Wealth Management of DBS Bank in Singapore.

He reports to Sebastian Paredes, Chief Executive Officer of DBS Bank (Hong Kong) Limited and Pearlyn. In his new role, Royce oversees the Consumer Banking and Wealth Management businesses in Hong Kong.

Royce was previously Managing Director and Regional Head of DBS Treasures Private Client and DBS Treasures at DBS Bank, where he was responsible for the bank’s wealth management customers across six key markets, Singapore, Hong Kong, China, Taiwan, Indonesia and India. He has been with DBS since 2005.

Royce is a Chartered Financial Analyst.

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Royce Teo has been appointed to the role of Managing Director and Head of Consumer Banking Group and Wealth Management at DBS Bank (Hong Kong) Limited.

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About DBS
DBS - Living, Breathing Asia

DBS is a leading financial services group in Asia, with over 280 branches across 18 markets. Headquartered and listed in Singapore, DBS has a growing presence in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's capital position, as well as "AA-" and "Aa1" credit ratings, is among the highest in Asia-Pacific. DBS has been recognised for its leadership in the region, having been named “Asia’s Best Bank” by The Banker, a member of the Financial Times group, and “Best Bank in Asia-Pacific” by Global Finance. The bank has also been named “Safest Bank in Asia” by Global Finance for six consecutive years from 2009 to 2014.

DBS provides a full range of services in consumer, SME and corporate banking activities across Asia. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. These market insights and regional connectivity have helped to drive the bank’s growth as it sets out to be the Asian bank of choice. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 22,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.

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