DBS Poaches Wealth Planning Head from Bank of Singapore
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His key responsibilities include driving the expansion of the bank’s wealth planning, family office and insurance offerings, and providing holistic solutions and advisory for high net worth families.
DBS Bank on Friday has appointed Lee Woon Shiu as Head of Wealth Planning, Family Office and Insurance Solutions at its private bank, it said in a press release on Friday.
Lee is an industry veteran with more than 20 years’ of experience in advising numerous ultra-high net worth families in Asia-Pacific on wealth planning as well as the establishment and implementation of family governance and philanthropy strategies. He joins DBS from Bank of Singapore, the private banking arm of OCBC Bank, where he has worked since 2004. Most recently, he held the position of Head of Wealth Planning, Trust and Insurance.
«With Asia at the cusp of a significant intergenerational wealth transfer, we are committed to being our clients’ partner of choice as we help to grow, manage and protect their family’s assets and legacy over time,» Sim S. Lim, Group Head of Consumer Banking & Wealth Management, DBS Bank, said.
Outside the office, Lee is an adjunct professor at Nanyang Technological University’s Wealth Management Institute (WMI), and has been appointed Expert Panel Member of WMI to provide guidance to the institute and its faculty in developing new IBF standards and curriculum for wealth planning. He is also an Advocate & Solicitor of Singapore, a Solicitor of England & Wales and an accredited Trust & Estate Practitioner under the International Society of Trust and Estate Practitioners.
Questions & Answers
Q.What will Lee Woon Shiu's main duties be in his new role at DBS Bank?
What will Lee Woon Shiu's main duties be in his new role at DBS Bank?
He will be responsible for expanding the bank's wealth planning, family office, and insurance offerings. His duties also include providing comprehensive solutions and advice to high net worth families.
Q.Which bank did Lee Woon Shiu join DBS from, and what was his most recent position there?
Which bank did Lee Woon Shiu join DBS from, and what was his most recent position there?
He joined DBS from Bank of Singapore, which is the private banking arm of OCBC Bank. His most recent role at Bank of Singapore was Head of Wealth Planning, Trust and Insurance.
Q.What is the strategic importance of this appointment for DBS Bank?
What is the strategic importance of this appointment for DBS Bank?
DBS aims to be a preferred partner for clients navigating a major intergenerational wealth transfer in Asia. The appointment supports their commitment to help grow, manage, and protect family assets and legacies.
Q.Does Lee Woon Shiu have any additional professional affiliations outside of his banking career?
Does Lee Woon Shiu have any additional professional affiliations outside of his banking career?
Yes, he is an adjunct professor at Nanyang Technological University’s Wealth Management Institute and an Expert Panel Member for WMI. He is also a qualified Advocate & Solicitor of Singapore and England & Wales, and an accredited Trust & Estate Practitioner.
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