RETAIL BANKING | Staff Reporter, Singapore

DBS Private Bank names Rob Ioannou head of international

He will report to DBS Private Bank's deputy head Lawrence Lua.

His responsibilities include the Global South Asia and Non Resident Indian teams, the Europe, Middle East and Africa geographies, as well as the Japan International segment. 

Prior to joining DBS, Rob was Co-Head of HSBC’s Private Bank for Southeast Asia and a Director of HSBC Trust Company Singapore. Rob spent 13 years at HSBC Private Bank, holding a number of senior positions in London and Singapore, including Business Head for Domestic and International markets, and Head of UHNW International for HSBC Private Bank in the UK.

A career private banker with over 20 years of financial services experience, Rob started his career with Citibank N.A in London, after which he moved to J.P Morgan as a senior coverage private banker for UHNW and international clients. Outside of his role at DBS, Rob is an Executive Committee Member of the Singapore and Sri Lanka Business Association (SLBA) and a Senior Advisor to the Colombo Chamber of Commerce. An aspiring, part-time tea and cinnamon farmer in Sri Lanka, Rob is actively involved in local community development work, such as raising funds in support of disadvantaged communities.

Said Lawrence Lua, Deputy Head of DBS Private Bank, “As we cement our position as a leading wealth manager in Asia, we believe it is important to continue to deepen our talent pool and we are delighted to welcome Rob to the DBS family. With Rob’s wealth of experience and track record, we will be able to enhance the delivery of our financial and banking capabilities to our clients. We will continue to strengthen our franchise by adding to our talent pool and investing in technology, and are fully committed to enhancing the client experience by combining the best of personal service and digital innovation with bespoke wealth solutions.”

The growth of DBS’ wealth management franchise is robust, fuelled by the organic growth of emerging Asian new wealth and also by the successful execution of its wealth continuum. After the successful acquisition of Société Générale Private Banking Asia in 2014, DBS Private Bank continued to grow from strength to strength. It has also consistently achieved growth of about 20% annually since 2010. As of June 2016, DBS’ high net worth assets under management (HNWIs with more than SGD1.5 million each in investible assets) and assets under management for all wealth customers stand at SGD104 billion and SGD151 billion respectively.

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