Yah, the big boob Amy Yip in R(A) movies?
http://sg.news.yahoo.com/rtrs/20100816/tap-dbs-c3bb44c.html
DBS HK CEO retires, Bank Danamon exec new HK CEO
SINGAPORE, Aug 16 - DBS Group <DBSM.SI>, Southeast Asia's biggest bank, said on Monday its Hong Kong chief executive Amy Yip will retire at the end of the year and be replaced by a senior banker from Indonesia's Bank Danamon <BDMN.JK>.
The hiring is seen by analysts as a move by CEO Piyush Gupta to inject new direction and leadership at the bank's second most important market after Singapore.
Last month, DBS reported a S$1.02 billion writedown, the second-biggest since 2005, to reflect the falling market value of its Hong Kong business. [nSGE66S0PL]
Sebastian Paredes, an Ecuadorian citizen and a former Citibanker, will join as chief executive of DBS's Hong Kong business on September 13 subject to regulatory approvals, DBS said in a statement.
Gupta, who joined DBS in November from Citigroup, faces a stiff challenge to strengthen the Hong Kong business, a market where the bank has struggled in the past few years following an expensive acquisition in 2001.
Hong Kong accounted for 21 percent of DBS's earnings in the first half of the year, while Singapore accounted for about 62 percent. The rest comes from China, Southeast Asia and India.
Paredes last worked as president director of Indonesia's Danamon, which is majority owned by Temasek.
Before Danamon, Paredes spend 20 years at Citigroup with stints in South America, Middle East, Asia, Africa and Europe.
DBS also said it had hired Sim S. Lim for a newly created post of country manager DBS Singapore. Lim also comes from Citigroup, where he was president and CEO of Citigroup Global Markets Japan.
Gupta wants to expand the bank's footprint outside Singapore and Hong Kong.
"Our ambition is to be a leading Asian bank with a strong presence in the region's three key axes of growth -- South East Asia, South Asia and Greater China," he said in a statement.
http://sg.news.yahoo.com/rtrs/20100816/tap-dbs-c3bb44c.html
DBS HK CEO retires, Bank Danamon exec new HK CEO
SINGAPORE, Aug 16 - DBS Group <DBSM.SI>, Southeast Asia's biggest bank, said on Monday its Hong Kong chief executive Amy Yip will retire at the end of the year and be replaced by a senior banker from Indonesia's Bank Danamon <BDMN.JK>.
The hiring is seen by analysts as a move by CEO Piyush Gupta to inject new direction and leadership at the bank's second most important market after Singapore.
Last month, DBS reported a S$1.02 billion writedown, the second-biggest since 2005, to reflect the falling market value of its Hong Kong business. [nSGE66S0PL]
Sebastian Paredes, an Ecuadorian citizen and a former Citibanker, will join as chief executive of DBS's Hong Kong business on September 13 subject to regulatory approvals, DBS said in a statement.
Gupta, who joined DBS in November from Citigroup, faces a stiff challenge to strengthen the Hong Kong business, a market where the bank has struggled in the past few years following an expensive acquisition in 2001.
Hong Kong accounted for 21 percent of DBS's earnings in the first half of the year, while Singapore accounted for about 62 percent. The rest comes from China, Southeast Asia and India.
Paredes last worked as president director of Indonesia's Danamon, which is majority owned by Temasek.
Before Danamon, Paredes spend 20 years at Citigroup with stints in South America, Middle East, Asia, Africa and Europe.
DBS also said it had hired Sim S. Lim for a newly created post of country manager DBS Singapore. Lim also comes from Citigroup, where he was president and CEO of Citigroup Global Markets Japan.
Gupta wants to expand the bank's footprint outside Singapore and Hong Kong.
"Our ambition is to be a leading Asian bank with a strong presence in the region's three key axes of growth -- South East Asia, South Asia and Greater China," he said in a statement.
