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    D05   SG1L01001701

DBS GROUP HOLDINGS LTD

(D05)
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DBS : Singapore's OCBC names DBS veteran as head of global wholesale banking

09/15/2021 | 10:14am EDT
A woman walks into an OCBC Premier Banking branch in Singapore

(Reuters) - Singapore's second-largest lender, Oversea-Chinese Banking Corp (OCBC), on Wednesday tapped an almost 30-year veteran of larger rival DBS Group to lead its global wholesale banking business.

The appointment of Tan Teck Long, 51, who will join in March next year, comes at a time when the city-state's banks are expected to benefit from the easing of COVID-19 restrictions.

Long currently serves as DBS' chief risk officer, having joined Southeast Asia's largest bank in 1993 as a trainee and held roles in Singapore and China.

Wholesale banking is a key area in the bank's plan to expand in its core markets, OCBC said.

The lender earlier this year appointed Helen Wong https://www.reuters.com/article/ocbc-ceo-idUSL1N2JJ0O6 as its chief executive officer, making her the first woman to head a Singapore bank.

(Reporting by Savyata Mishra in Bengaluru, additional reporting by Nikhil Kurian Nainan; Editing by Aditya Soni)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
DBS GROUP HOLDINGS LTD 0.23% 30.48 End-of-day quote.21.73%
OVERSEA-CHINESE BANKING CORPORATION LIMITED 0.34% 11.91 End-of-day quote.18.39%
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Financials
Sales 2021 14 617 M 10 835 M 10 835 M
Net income 2021 6 638 M 4 921 M 4 921 M
Net Debt 2021 - - -
P/E ratio 2021 11,7x
Yield 2021 3,86%
Capitalization 78 282 M 58 008 M 58 029 M
Capi. / Sales 2021 5,36x
Capi. / Sales 2022 5,04x
Nbr of Employees 32 341
Free-Float 98,6%
Chart DBS GROUP HOLDINGS LTD
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DBS Group Holdings Ltd Technical Analysis Chart | D05 | SG1L01001701 | MarketScreener
Technical analysis trends DBS GROUP HOLDINGS LTD
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Mean consensus BUY
Number of Analysts 21
Last Close Price 30,48 SGD
Average target price 33,46 SGD
Spread / Average Target 9,76%
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Managers and Directors
Piyush Gupta Vice Chairman & Chief Executive Officer
Sok Hui Chng Chief Financial Officer
Lim Huat Seah Non-Independent Non-Executive Chairman
Jimmy Ng Chief Information Officer & Head-Operations
Chee Kin Lam MD, Head-Legal & Group Compliance Officer
Sector and Competitors