The bank has named Peter Triggs to head up the new team as managing director, head of international and wealth structuring. Triggs, who will be based in Singapore, joins DBS next month from Bank of China (Suisse) SA, where he most recently has been deputy chief executive and head of international private banking, as part of what is said to be the first international private banking office of a Chinese bank outside Asia.
Prior to joining Bank of China (Suisse), Triggs spent 19 years with Citigroup Private Bank, working out of Jersey, Zurich, Geneva, London and Asia, including three years during which he was Citigroup’s head of private banking in Singapore and Malaysia for Citigroup.
Other members of the new team include Yann Mocellin, who is coming to the new DBS private banking team from multi-family office Swiss-Asia Financial Services, where he was managing partner and head of wealth management; and James Tan, who is joining from Credit Suisse, where most recently he was senior vice president of investment consulting. Additional senior relationship managers are due to come on board in May, DBS said.
DBS is Singapore’s largest bank, and focuses on the Asia Pacific region. It was founded in 1968 as the development bank of Singapore, and today has more than 4 million customers in three main markets — Greater China, Southeast Asia and South Asia.
According to its website, it is looking to extend its footprint further across Asia. Markets in which it now has a presence include Hong Kong, China, Malaysia, Vietnam, Thailand, India, Indonesia, The Philippines, Taiwan, Korea, Japan and Dubai.