DBS Bank has announced several senior leadership changes, effective 1 April 2025.
Derrick Goh, currently Head of Group Audit, will become the new Group COO, a newly created position overseeing Operations and Transformation.
He will also join the Group Executive Committee.
Goh has been with DBS since 2008, holding various senior roles including leading the regional Treasures and Treasures Private Client wealth management business and heading POSB and Consumer Banking Group Distribution in Singapore.
Koh Kar Siong, currently Group Head of Corporate and SME Banking, will succeed Goh as Group Audit Head and become a member of the Group Management Committee.
Koh joined DBS in 2003 and has also held numerous positions across different business units and regions, including Head of SME Banking in Singapore and various roles in Consumer Banking and Wealth Management.
DBS also announced the upcoming retirement of Jimmy Ng, Group Head of Operations, effective 1 July 2025.
Ng, recognised for his contributions to the bank’s innovation initiatives, will serve as Senior Advisor for artificial intelligence efforts until 31 December 2025.
Featured image credit: Edited from Freepik
