DBS announced that after more than a decade with the bank, Sim S. Lim, Group Head of Consumer Banking (CBG)/Wealth Management, will be retiring from executive duties, though he will continue to stay on as a Senior Advisor. Pursuant to Sim's retirement, and underscoring its commitment to grooming talent from within, the bank will make the following senior-level rotations that will take effect on 1 April 2023: Shee Tse Koon, Country Head of DBS Singapore, will take over as the new Group Head of CBG/Wealth Management, Han Kwee Juan, Group Head of Strategy and Planning, will assume the role of Singapore Country Head, Lim Him Chuan, CEO of DBS Bank Taiwan, will return to Singapore to take over as Group Head of Strategy and Planning, Ng Sier Han, who was appointed Director of Integration (Taiwan) in April 2022, will take over as DBS Bank Taiwan CEO. In addition to his current role as CEO of DBS Bank (Hong Kong), Sebastian Paredes will assume the newly-created role of Head of North Asia, with oversight of Hong Kong, China and Taiwan.

This underscores the importance of the region to the Group, as reflected by DBS' purchase of a 13% stake in Shenzhen Rural Commercial Bank and the acquisition of Citibank Taiwan's consumer banking franchise. Ginger Cheng, CEO of DBS Bank (China), and Ng Sier Han will report to Sebastian Paredes. Both Ginger Cheng and Ng Sier Han will also be members of DBS' Group Management Committee.

Sim. S Lim joined DBS as its first Singapore Country Head in 2010. In January 2019, he took over as Group Head of CBG/Wealth Management.

In this role, he led CBG on a transformation journey that included introducing cognitive banking and championing the use of data/artificial intelligence (AI) and machine learning. He also piloted "Managing through Journeys" in CBG which has since been scaled up across the bank.