DBS has appointed Rob Ioannou as head of international, DBS Private Bank. His responsibilities include the Global South Asia and Non Resident Indian teams, the Europe, Middle East and Africa geographies, as well as the Japan International segment. Rob will report to Lawrence Lua, deputy head of DBS Private Bank.

Prior to joining DBS, Ioannou was co-head of HSBC’s Private Bank for Southeast Asia and a director of HSBC Trust Company Singapore. Ioannou spent 13 years at HSBC Private Bank, holding a number of senior positions in London and Singapore, including business head for domestic and international markets, and head of UHNW International for HSBC Private Bank in the UK.

A career private banker with over 20 years of financial services experience, Ioannou started his career with Citibank N.A in London, after which he moved to J.P Morgan as a senior coverage private banker for UHNW and international clients. Outside of his role at DBS, Ioannou is an executive committee member of the Singapore and Sri Lanka Business Association (SLBA) and a senior advisor to the Colombo Chamber of Commerce. An aspiring, part-time tea and cinnamon farmer in Sri Lanka, Ioannou is actively involved in local community development work, such as raising funds in support of disadvantaged communities.

Lawrence Lua, deputy head of DBS Private Bank says,“We will continue to strengthen our franchise by adding to our talent pool and investing in technology, and are fully committed to enhancing the client experience by combining the best of personal service and digital innovation with bespoke wealth solutions.”

The growth of DBS’ wealth management franchise is robust, fuelled by the organic growth of emerging Asian new wealth and also by the successful execution of its wealth continuum. After the successful acquisition of Société Générale Private Banking Asia in 2014, DBS Private Bank continued to grow from strength to strength. It has also consistently achieved growth of about 20% annually since 2010. As of June 2016, DBS’ high net worth assets under management (HNWIs with more than S$1.5 million each in investible assets) and assets under management for all wealth customers stand at S$104 billion and S$151 billion respectively.