SINGAPORE, 8 April 2010 – DBS Bank announced today that it has appointed one of Singapore’s best-known wealth management talents, Tan Su Shan, 42, as Managing Director and Head of Private Banking, including asset management. In this regional role, Tan Su Shan succeeds Amy Yip, who remains as CEO of DBS Hong Kong.
Tan Su Shan joins DBS on 1 July from Morgan Stanley Singapore, where she was most recently Managing Director and Head of Private Wealth Management for Southeast Asia. She will be a member of DBS’ Group Management Committee, reporting to Chief Executive Officer Piyush Gupta.
With the growing middle class and rising prosperity in the region, strengthening DBS’ wealth management proposition for Asia’s growing affluent is among the bank’s key strategic priorities. Tan Su Shan’s appointment underscores DBS’ commitment to growing the private banking business, as the bank executes swiftly against the strategic roadmap unveiled by Gupta in February.
Ms Tan Su Shan joined DBS in July 2010 as Managing Director and Group Head of Wealth Management:Prior to joining DBS, Tan Su Shan was Morgan Stanley’s Head of Private Wealth Management for Southeast Asia. Before re-joining Morgan Stanley in May 2008, she was a Region Head for Singapore, Malaysia and Brunei for Citi Private Bank. She was responsible for the private bank’s overall business and a board director of Citi Trust Singapore. Tan Su Shan was also the Singapore Investment Centre Head.
Prior to that, she was an Executive Director with Morgan Stanley in Singapore, serving from 1997 to 2005 as an investment adviser to high net worth families, corporates and institutions in the region.Before joining Morgan Stanley, Tan Su Shan spent eight years in ING Baring Securities in institutional equity sales, working in key financial hubs in London, Tokyo and Hong Kong.
Tan Su Shan was the founder and past president of the Financial Women’s Association in Singapore, and a board member of Aetos Security Management, a wholly-owned subsidiary of Temasek Holdings. She also sits on the investment committee of Ministry of Health Holdings and is a board member of the Khoo Teck Puat Hospital. In addition, Tan Su Shann is a member of the Monetary Authority of Singapore Private Banking Advisory Group.
Married with two children, Tan Su Shan is actively involved in fund-raising for various Singaporean charities and sits on the board of Singapore’s KK Hospital Health Endowment Fund, which provides financial support to needy patients. She was a past board member of the National Museum and a member of the International Women’s Foundation and the Young Presidents Organisation. On the education front, she is an advisor to Raffles Girls Primary School and the SJI International School.
Tan Su Shan graduated with a Master of Arts from Oxford University in the United Kingdom, where she studied Politics, Philosophy and Economics. In February 2006, she was selected by Citi Private Bank to participate in the Senior Leadership Program at Harvard Business School.