Wholesale Banking

The bank was criticized by NGOs in Malaysia and Indonesia for funding coal plants.

James Clark will begin serving his new role on 24 July.

DBS will cease onboarding new clients who derive more than 25% of their revenue from thermal coal.

He replaces Gonzalo Luchetti, who is the new head of consumer banking in the US.

But 51% of ASEAN banks have yet to fulfill even a quarter of ESG criteria.

He will also serve as network head for Southeast Asia.

Deutsche Bank has named chief country officer Michael Chua to lead its Manila branch. In this role, he will spearhead a team to deliver corporate banking solutions for international and local clients doing business in the Philippines.  

It allows multi-banked corporates to track transactions through a single standardised views.

Citi named Hsiu-Yi Lin as ASEAN Head of Citi Commercial Bank (CCB). She will lead the CCB business across ASEAN in addition to her current role as CCB Head for Citi in Singapore. With her new role, Hsiu-Yi will be responsible for driving business strategy across ASEAN where Citi banks on multinational and local clients across Singapore, Malaysia, Thailand, Vietnam and Indonesia. Hsiu-Yi has over 25 years of experience in the banking industry including securitization, treasury, trade and product management in the US and Asia. She has been the head of the CCB Singapore since 2013. Born and raised in Malaysia, Hsiu-Yi holds an MBA from Harvard Business School and a Bachelor of Arts degree in Computer Science and Physics from Wellesley College. “Hsiu-Yi’s strong track record in managing various businesses across different markets means she is well placed to further grow our business in ASEAN,” said Rajat Madhok, Citi head of commercial banking, Asia Pacific.

He was previously the head of global corporate banking at MUFG Bank China.

He was previously the country head of financial institutions group.

Its wholesale banking unit is ditching the pyramid structure in favour of self-steering teams.

Ha started his stint in the bank back in 2011.

The bank is acting as the sole mandated lead arranger for the $36.95m loan.

UBP will soon offer SGD services like deposits and loans.

Asia’s Environmental, Social and Governance (ESG) financing scene is gaining traction against the backdrop of supportive government policies such as tax incentives and growing stakeholder pressure for responsible financing. The S$1.2b green loan raised by Singapore-based Frasers Property is the latest in a series of green loan deals in the region.