DBS Announces Lim Chu Chong to Succeed Paulus Sutisna as The Head of Indonesia Franchisee

JAKARTADAILY.ID - Singaporean lender DBS announced on Monday, August 1, 2022, that it will be appointing Lim Chu Chong as President Director of PT Bank DBS Indonesia.

In a statement sent to JakartaDaily today, DBS said the appointment of Lim Chu Chong, currently Chief Operating Officer of Institutional Banking Group (IBG) at DBS, as President Director of PT Bank DBS Indonesia (DBS Indonesia) in August, succeeding Paulus Sutisna, subject to regulatory approval.

Lim Chu Chong, apart from will be President Director of PT Bank DBS Indonesia, will be part of DBS’ Group Management Committee.

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In Indonesia, Lim will continue Sutisna's works, which has headed DBS Indonesia since 2015.

DBS said in the statement, that among Lim Chu Chong's jobs in the archipelago nation is to continue the successful integration of ANZ Indonesia’s consumer and wealth business with DBS in 2018, and the launch of Digibank Indonesia in 2017.

"Indonesia is a key market for DBS, and under Paulus’ leadership, our business has not only grown but become more diversified, with good balance across the consumer/wealth and institutional banking segments," said DBS CEO Piyush Gupta.

DBS said Sutisna will be appointed as Non-Independent Commissioner of DBS Indonesia in due course.

"In recent years, he (Sutisna) has also brought our strong digital capabilities to bear in the market, enabling us to deliver seamless banking to clients. As a career DBS 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," Piyush said.

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Lim, a career DBS banker, has over 25 years of experience in institutional, SME, and consumer banking, DBS said in the statement.

He is no stranger to Indonesia, having previously been Commissioner of DBS Indonesia.

In his current role as DBS IBG COO, Lim has led some key business transformations, including establishing a new Customer Experience Office to enhance customer engagement, as well as setting up an Employee Experience Office to improve employee experience and drive productivity.

As a current Board member of the DBS Foundation, he also promotes the development of entrepreneurship and social enterprises.