DBS Names New Risk Chief
The new CRO is a career DBS banker with 25 years' experience in business and risk roles.
DBS Group yesterday announced that Soh Kian Tiong will be its chief risk officer with effect from 4 November. He is taking over from CRO Tan Teck Long, who will be leaving the bank to return to a customer-facing role.
In his new role, Soh will report to DBS chief executive Piyush Gupta and be accountable to the board risk management committee. In addition, he will be a member of the group management committee and the group executive committee.
A career DBS banker with over 25 years of experience in business and risk roles, Soh has been based in Hong Kong as senior risk executive for DBS Hong Kong since June 2019. Concurrently, he has been chief credit officer for Greater China overseeing the bank’s credit and risk functions in Hong Kong and Mainland China, as well as credit risk for Taiwan.
In August, DBS Group said that it had logged a record first-half 2021 net profit of S$3.71 billion ($2.75 billion), surging by 54 per cent year-on-year, aided by a big drop in provisions for credit losses, and improved business momentum.