Written by Bloomberg
Monday, 16 August 2010 16:11
DBS Group Holdings, Southeast Asia’s biggest bank, said Sebastian Paredes will succeed Amy Yip as chief executive officer of its Hong Kong unit, as it seeks to boost profit from its second-largest market after Singapore.
Yip will retire at the end of the year and Paredes’s appointment is effective Sept. 13, subject to regulatory approvals, DBS said in statement today to the Singapore stock exchange. Paredes was president director of P.T. Bank Danamon from 2005 until early this year, and spent 20 years at Citigroup Inc. before that, DBS said.
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