Current group head of fixed income Clifford Lee will assume the expanded role of head of investment banking, which encompasses debt and equity capital markets as well as DBS Vickers. He will continue to report to Ng.
DBS is merging equity capital markets, brokerage DBS Vickers and DBS Digital Exchange (DDEX) with its existing Treasury Markets business, effective March 1.
The new group will be renamed Global Financial Markets (GFM). Andrew Ng, who is currently the head of Treasury Markets, will oversee the new enlarged group as group head of GFM.
