RETAIL BANKING | Tony Chua, Indonesia

DBS Indonesia president-director Hendra Gunawan resigns

The lender’s corporate banking director Dani Prabawa replace Gunawan as UOB confirmed the latter’s transfer to them.

Hendra Gunawan, the second-highest ranking executive at DBS Group's Indonesian operations, has resigned to join rival Singapore lender United Overseas Bank.

"DBS Indonesia President Director Hendra Gunawan has decided to pursue new career opportunities outside DBS. His last day at the bank is June 30," a DBS spokeswoman said on Friday in response to a query from Reuters.

"The search for Hendra's successor has commenced," she said, adding corporate banking director Dani Prabawa will be acting president-director in the interim.

A UOB spokeswoman confirmed Gunawan is joining the rival Singapore bank but declined to reveal what his position at UOB will be.

Gunawan joined DBS in January 2003 and was head of its corporate and investment banking in Indonesia. He had previously worked at Deutsche Bank and Schroeder Investment Management.

View the full story in Reuters.

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