DBS Private Bank announces new appointments for Indonesia team

Veterans from HSBC and Great Eastern Life Assurance will assume the two senior vice-president posts for one of the bank’s priority growth markets.

Stanley Puah, 46, joined DBS in January as senior vice president and team leader for the Indonesia market. In his new role, Puah will manage a team of up to 10 private bankers.

Puah has also been tasked to further grow DBS Private Bank’s market share in Indonesia, with a special focus on cities like Jakarta, Medan, Bandung and Pekanbaru.

Most recently, Puah was with HSBC Private Bank Singapore as a senior director managing ultra high net worth clients in Indonesia and other regional markets.

The banker had also previously worked at Merrill Lynch, Citi Private Bank, Coutts Bank Singapore and UBS.

Tan See Wee, 43, rejoined DBS in January as senior vice president and deputy team leader. Tan joined DBS from Great Eastern Life Assurance where he was most recently its head investment strategist for the regional investment division.

Previously, Tan also worked at UBS, Citi Private Bank, Invesco Asia in Hong Kong and Merrill Lynch Investment Managers in London. He was also a founding partner of VinChi Capital, a private equity firm that focused on real estate and infrastructure opportunities in Vietnam.

Chan Kwee Him, Country Head of Indonesia, DBS Private Bank, said, "Asia is minting millionaires at a much faster rate than anywhere else in the world. Stanley and See Wee, with their excellent track record and deep understanding of the region, will enable DBS to better capture opportunities in Indonesia and bring us closer to our ambition of being a leading private bank there.

Going forward, we will continue to tailor-make innovative solutions for our clients to help them grow and protect their wealth," he said.