DBS’s third quarter results, released earlier this week, reveal the extent that it’s taken on board ANZ staff. Headcount at the bank was up by 934 year on year, mainly because of new employees from the “ANZ integration”.
ANZ sold its wealth and retail businesses in Singapore, China, Hong Kong, Taiwan and Indonesia to DBS last year. Its Singaporean and Chinese operations have already been migrated into DBS, and some former ANZ staff have already slotted into senior roles at DBS. Here’s a selection.
Faraaz Ali, regional head of deposits and secured lending
Managing director Ali is responsible for business strategy, growth, product, sales, and risk management in his team at DBS. At ANZ, which he joined in 2015, he was regional head of retail banking products. Ali worked in Citi’s cards unit prior to that, holding senior positions in the Dubai and the US, according to his public profile.
Gino Abbruzzi, group chief credit officer
Abbruzzi was the chief risk officer for Hong Kong at ANZ for more than three years, but has group-wide responsibilities at DBS in Singapore. Although he began his career in bond sales and structured finance roles, he has held senior risk jobs since 1999, including chief credit officer for Asia Pacific at RBS.
Belinda Hsieh, funds and investment communication head, product solutions
Hong Kong-based Hsieh was previously head of wealth management products, retail and private banking at ANZ, and has a long product-focused career. She joined ABN AMRO in 1999 and became regional head of wealth management products. Hsieh then moved into RBS (when it bought ABN in 2008) and ANZ (when it took over RBS businesses in 2010). DBS is her third transition into an acquiring bank.
Chris Li, CIO North Asia
Li was at ANZ for nine years, latterly as head of investment advisory, and before that spent six years in relationship management at Bank of America. He specialises in high-net-worth client advisory, investment strategy formulation, and product development, according to his profile.
David Teo, Treasures private client offshore head
Teo has been a mass-affluent banker since joining Citi in 2002, according to his public profile. He moved to HSBC three years later, becoming deputy head of premier onshore banking in Singapore. Teo joined ANZ in 2011 and held four senior Singapore-based management roles. He was most recently head of distribution for wealth and branches at the Australian bank.
Sujatha Prakash, head of digital wealth and cards technology
DBS has also taken on ANZ technologists. Prakash was head of delivery services for Asia Pacific, Europe and America at ANZ for three and a half years. Between 2006 and 2013 he held several head-of-technology roles in India and Singapore at RBS. He was latterly in charge of market and credit risk technology for Asia Pacific at the British bank, according to his profile.
Fern Ning Chua, head, treasury and investment advisory, Shanghai
Shanghai-based Chua was head of affluent banking and branch network during her four years at ANZ. She started out in relationship management at Standard Chartered, before moving to China with the bank in 2006 and becoming regional head of distribution for Shanghai and Beijing.
Related articles:
554 new jobs at Singapore banks as headcount surgesHeadcount at Singapore’s local banks has risen by 554 people over the past 12 months. Here's why.
Fussy clients, product pressure, stressful deals: my life as a Singapore corporate bankerDealing with top corporate clients as a junior banker in Singapore is less glamorous than you might think.
Inside Singapore’s new 4,000-jobs-a-year financial hiring boomCan Singapore really create 4,000 new finance jobs every year?
Image credit: cyano66, Getty
““