DBS : appoints new Digital Head for its Institutional Banking business

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DBS Bank, recognised as one of the world's leading digital banks, today announced that Raof Latiff will join DBS as the Head of Digital for its Institutional Banking Group. Latiff will play a strategic role to further strengthen the bank's digital suite of products and services for large corporate customers and small business owners. He will report to John Laurens, DBS' Head of Global Transaction Services, and Ng Peng Khim, DBS' Head of Technology and Digital Innovation, Institutional Banking Group.

Latiff was the Regional Head of Product Management, Global Liquidity and Cash Management, Asia of HSBC, based in Hong Kong previously. Prior to HSBC, he spent almost two decades in Citi and JPMorgan, holding senior roles in cash management and treasury. He is also the co-founder and Chief Technology Officer of Hilo Online, a personal cloud-based wellness record management platform.

Said Laurens, 'Digital corporate banking is at the core of our transaction banking strategy and the way in which we will further strengthen our institutional banking franchise. The development of digital propositions is rapidly reshaping the manner in which we work with customers. We aim to create value across our clients' commercial and financial operations and support their transformational change objectives. We are therefore delighted to have Raof on board to lead the further development of our digital strategy and drive its execution across our corporate, institutional and wholesale banking businesses.'

DBS has been investing in digital innovation to deliver cutting-edge, industry-leading solutions centred around increasing efficiency, enhancing risk management and reducing costs for customers. Earlier this month, DBS partnered with MSIG to bring instant claims payments to Singapore's travel insurance sector through the bank's new Application Programming Interface (API) called DBS IDEAL RAPID. DBS' corporate banking mobile platform includes a digital token feature which eliminates the need for physical tokens, making mobile banking simpler and more convenient for corporate treasurers and small business owners. SMEs can also start their business, apply for business accounts and loan products on the go with a slew of online solutions from DBS.

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About DBS

DBS is a leading financial services group in Asia, with over 280 branches across 18 markets. Headquartered and listed in Singapore, DBS has a growing presence in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's 'AA-' and 'Aa1' credit ratings, is among the highest in the world.

DBS is at the forefront of leveraging digital technology to shape the future of banking, and has been named 'World's Best Digital Bank' by Euromoney. The bank has also been recognised for its leadership in the region, having been named 'Asia's Best Bank' by several publications including The Banker, Global Finance, IFR Asia and Euromoney since 2012. In addition, the bank has been named 'Safest Bank in Asia' by Global Finance for eight consecutive years from 2009 to 2016.

DBS provides a full range of services in consumer, 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 customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 22,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.

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