Published by CNBC – 13th March 2017
DBS Group, Southeast Asia’s largest bank, is looking for a new chief investment officer for its expanding wealth management division to replace Lim Say Boon, who is retiring after serving seven years, people familiar with the matter told CNBC.
The search comes amid the well-documented rise of the super-rich in Asia and associated demand for wealth management products. Still, Lim’s successor faces multiple challenges, including fierce competition for clients, fee and margin pressure and tighter regulation.