DBS Group Holdings, on March 1, announced two senior-level appointments within the bank.

Abdul Raof Latiff, who is currently DBS’s group head of digital for institutional banking and group head of global transaction services (GTS) product management, will replace Jeffrey Ling as the DBS Malaysia country head from June 1.

Ling will be retiring from the role, but will be staying on as a senior adviser alongside Latiff to continue the engagement with DBS’s key clients in Malaysia.

Latiff, who joined DBS in 2017, has been instrumental in developing and driving the digital transformation of the bank’s institutional banking franchise.

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Lim Soon Chong will take over Latiff’s role as group head of digital for institutional banking and group head of GTS product management. Lim has been appointed into his new role with effect from Jan 1 to allow for a smooth transition ahead of Latiff’s move into his role in Malaysia.

Lim has been with DBS for 15 years and was formerly DBS’s group head of investment products and advisory for the consumer banking and wealth franchise.

Tan Su Shan, DBS’ group head of institutional banking, says, “The new appointments reflect our commitment to groom talent from within, and enable us to continue to provide more development opportunities to our senior team across the region. As a result of our deliberate effort to build our timber from within, a large proportion of our senior leaders have also been developed internally, including over 80% of our Managing Directors.”

As at 10.47am, shares in DBS are trading 22 cents higher or 0.8% up at $26.86.