DBS Group Holdings announced that Lim Soon Chong will be appointed as the bank's Group Head of Global Transactions Services (GTS) with effect from 1 August 2021, succeeding John Laurens who will be retiring. Since joining DBS in 2006, Lim has led a broad range of assignments across a spectrum of functions including consumer, wealth, corporate treasury and risk management. Prior to his role in Group Transaction Services, Soon Chong was Group Head of Investment Products and Advisory for DBS' Consumer Banking/Wealth Management business where he spearheaded numerous initiatives to enhance the bank's wealth management and investment propositions. Lim currently double hats as Head of Digital for DBS' institutional banking group and Group Head of Product Management for the GTS business. Muthukrishnan brings with him more than 20 years of banking experience and is currently DBS' Group Head of Trade Product Management.