• Thu. Sep 22nd, 2022

DBS appoints new head of Indonesian franchise

ByStephanie M. Akbar

Aug 1, 2022

Singapore, Indonesia, Regional, August 01, 2022 – DBS today announced the appointment of Lim Chu Chong, currently Chief Operating Officer of Institutional Banking Group (IBG), as Chief Executive Officer of PT Bank DBS Indonesia (DBS Indonesia) in August, succeeding Paulus Sutisna, subject to regulatory approval. In this new role, Lim will be part of the DBS Group Executive Committee.

Lim Chu Chong

Since being appointed Managing Director of DBS Indonesia in 2015, Sutisna has expanded the Indonesian franchise and transformed it into a leading digital banking player. In particular, he oversaw the successful integration of ANZ Indonesia’s consumer and wealth management businesses with DBS in 2018 and the launch of digibank Indonesia in 2017. In recent years, DBS Indonesia has won numerous awards and accolades, including being named No. 1 in Forbes. ‘World’s Best Banks’ ranking for Indonesia in 2021.

Lim, a career banker at DBS, has over 25 years of experience in institutional, SME and retail banking. He is no stranger to Indonesia, having previously served as Commissioner of DBS Indonesia. In his current role as DBS IBG COO, he has led key business transformations. These include the creation of a new Customer Experience Office to improve customer engagement, as well as the establishment of an Employee Experience Office to improve the employee experience and drive productivity. As a current board member of the DBS Foundation, he also promotes the development of entrepreneurship and social enterprises. Between 2016 and 2019, he was responsible for DBS IBG China. Previously, he was Regional Head of SME Banking.

DBS CEO Piyush Gupta said, “Indonesia is a key market for DBS, and under Paulus’ leadership, our business has not only grown, but diversified, with a good balance between consumer, wealth and institutional banking segments. In recent years, he has also brought our strong digital capabilities to market, enabling us to deliver seamless banking services to customers. As a DBS career banker with deep business and market experience, I am confident that Chu Chong will build on our strengths in Indonesia and take the business to the next level.”

Sutisna will be appointed non-independent commissioner of DBS Indonesia in due course.


About DBS
DBS is a leading financial services group in Asia, present in 18 markets. Headquartered and listed in Singapore, DBS is present in all three major Asian growth areas: Greater China, Southeast Asia and South Asia. The bank’s “AA-” and “Aa1” credit ratings are among the highest in the world.

Recognized for its global leadership, DBS has been named “The best bank in the world” by Euromoney, “World Bank of the Year“by The Banker and”best bank in the worldby Global Finance. The bank is at the forefront of using digital technology to shape the future of banking, having been named “The best digital bank in the world“by Euromoney and the world”The most innovative in digital bankingby The Banker. Additionally, DBS was granted the “Asia’s Safest Bank” Award by Global Finance for 13 consecutive years from 2009 to 2021.

DBS offers a full range of services in the area of ​​personal, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with its customers because it does its banking the Asian way. Through the DBS Foundation, the bank creates an impact beyond the bank by supporting social enterprises: enterprises with a double profit and social and/or environmental impact. The DBS Foundation also gives back to society in a variety of ways, including equipping communities with future-ready skills and building food resilience.

With its extensive network of operations in Asia and a focus on engaging and empowering its people, DBS presents exciting career opportunities. For more information, please visitwww.dbs.com.

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