DBS announced today that it will be appointing Lim Chu Chong, currently Chief Operating Officer of Institutional Banking Group (IBG), as President Director of PT Bank DBS Indonesia in August, succeeding Paulus Sutisna, subject to regulatory approval.
In this new role, Lim will be part of DBS’ Group Management Committee.
Since being appointed President Director of DBS Indonesia in 2015, Sutisna has expanded the Indonesia franchise and transformed it into a leading digital banking player. In particular, he oversaw the successful integration of ANZ Indonesia’s consumer and wealth business with DBS in 2018, and the launch of digibank Indonesia in 2017.
Lim, a career DBS banker, has over 25 years of experience in institutional, SME and consumer banking. He is no stranger to Indonesia, having previously been Commissioner of DBS Indonesia.
In his current role as DBS IBG COO, he has led key business transformations. As a current Board member of DBS Foundation, he also promotes the development of entrepreneurship and social enterprises. Between 2016 and 2019, he was Head of DBS IBG China. Prior to that, he was Regional Head of SME Banking.
Said DBS CEO Piyush Gupta, “Indonesia is a key market for DBS, and under Paulus’ leadership, our business has not only grown but become more diversified, with good balance across the consumer/ wealth and institutional banking segments. In recent years, he has also brought our strong digital capabilities to bear in the market, enabling us to deliver seamless banking to clients.”