New Deputy Head of Private Bank at DBS

Lawrence Lua, Deputy Head DBS Private Bank

Lawrence Lua, Deputy Head DBS Private Bank

Singapore’s largest bank and the only Singaporean bank among the top six wealth managers in Asia DBS, has announced the addition of a well known wealth manager and a calibration of senior management.

The bank has confirmed in a statement that Lawrence Lua has been promoted to Deputy Head of DBS Private Bank. Lua was previously Head of South & Southeast Asia at DBS Private Bank and will continue to report to Tan Su Shan, Group Head of Consumer Banking & Wealth Management.

Lawrence Lua joined DBS Private Bank in 2011 and has been instrumental in driving the bank’s private banking business in South and Southeast Asia. The bank said his promotion underscores DBS’ commitment to internal mobility and talent development as the bank continues to build upon its successes in the region.

Family Office Expertise

The bank also confirmed the appointment of Joseph Poon who has joined the bank as Regional Head of South East Asia, DBS Private Bank., effective 16 August 2016.

Poon was most recently Head of UBS Wealth Management - Ultra High Net Worth (clients with over CHF 50 million of bankable assets) and Global Family Office businesses for South East Asia. He is a veteran in the wealth management industry and has held various senior positions at several leading private banks, including Julius Baer, Macquarie Private Bank Asia and JPMorgan Singapore.

Joseph Poon, Jun Tjandra, Head of North Asia Private Banking and Rob Ioannou, Head of International, will report to Lawrence Lua.

As of March 2016, DBS’ high net worth assets under management (HNWIs with more than SGD1.5 million each in investible assets) and assets under management for all wealth customers stood at SGD101 billion and SGD147 billion respectively. 


Top stories from across the globe

  • Singapore Stresses Under a Wealth of Worries
  • A Short History of Investing in Gold – and What to Expect for 2017
  • Asia Pacific's Top Six Credit Risks For 2017
  • The 5 Most Shocking News in 2016
  • Hazel Moore: Banks Are Completely Wasting Valuable Customer Data
  • Morgan Stanley CEO Makes First-Ever Stock Sales After Bank Rally

PHOTO GALLERIES Networking Event Networking Event

Show pictures

stars China Symposium 2016

stars China Symposium 2016

Show pictures

Compare my salary

Compare my salary

Feeling Underpaid? Benchmark your salary by job title, company and location. Find out where you stand in minutes.

compare my salary


Newsletter-SymbolFree Subscription

Subscribe to our free newsletter and receive daily email alerts from the finews editorial team with a list of the top featured articles.

Share with us

Do you have any market intelligence to share with – email us on – All communication is completely confidential and strictly anonymous.