Network for Electronic Transfers (NETS) has announced the appointment of Jeremy Soo, Managing Director and Head of Consumer Banking Group at DBS Singapore, as its new Chairman, effective 1 September 2024.
Soo will take over from Susan Hwee, who has chaired NETS since 1 September 2021.
Hwee, currently Head of Group Technology and Operations at UOB, will transition to the role of Head of Group Retail at UOB starting 1 September.
The Chairmanship at NETS is rotated every three years among its shareholder banks—DBS, OCBC, and UOB.
Soo brings over 30 years of experience in consumer banking and finance.
At DBS, he leads the consumer banking operations, overseeing networks, distribution, and key consumer-related products and services, including digital and mobile channels.
Soo has played a significant role in driving DBS’s digital transformation, leading several innovations and partnerships to enhance customer experiences and promote inclusive banking.
His initiatives, such as the DBS/POSB Adopt-a-Hawker Centre programme, have increased digital payment adoption across various community segments in Singapore.
Lawrence Chan, Group CEO of NETS, said,
“We are honoured to have Jeremy lead the Board and look forward to leveraging his deep expertise in innovations and ecosystems to strengthen our leadership position in the payments space.
Susan has been instrumental in leading the team to navigate the dynamic and evolving payments landscape during her time. We thank her for the leadership and guidance over the past three years.”
Featured image credit: Edited from Freepik
