DBS has announced that Calvin Ong will take over as Head of Consumer Banking Singapore starting from 1 January 2025.
Ong, currently the Head of Investment Products & Advisory at DBS, has been with the bank since 2007, holding various roles in Corporate Treasury and Wealth Management.
In his new role, Ong will oversee DBS/POSB’s consumer banking and wealth management services, focusing on enhancing both digital and physical customer touchpoints.
Ong will succeed Jeremy Soo, who will retire from his executive role at the end of the year and continue as an advisor.
Soo, who joined DBS in 2003, has led the Singapore Consumer Banking division for 17 years.
During his tenure, he was key to advancing the bank’s digital transformation, including the adoption of new operational frameworks and innovations such as the DBS PayLah! mobile wallet.
Soo also championed initiatives aimed at making banking more inclusive, particularly for low-income and migrant workers.
He was recently appointed as new Chairman for Network for Electronic Transfers (NETS), taking over from UOB’s Susan Hwee, who has chaired since 1 September 2021.
