Singaporean lender DBS Group has appointed Tan Teck Long as its new chief risk officer (CRO), replacing Elbert Pattijn who will retire from the bank.
Long will assume the new responsibility on 1 July 2018 and report to DBS CEO Piyush Gupta. Additionally, Long will also join the group executive committee.
Long has been associated with DBS since 1993, holding various senior positions in Singapore and China.
He most recently served as the institutional banking group’s head of large and midcap businesses and its COO. He previously also led DBS’ real estate banking franchise and its loan workout unit.
“Teck Long’s appointment is testament to our ability to groom leaders from within. His longstanding career with DBS had a balance of business and risk roles, and I am confident that he will bring this experience to bear meaningfully in his new role,” Gupta stated.
Pattijn has been the CRO of DBS since 2008, and has guided the company during the financial crisis of the last decade.
“More recently, under his leadership, DBS has made strides in improving its risk methodologies and models, and digitising large parts of its risk management processes,” the bank said in a statement.