A DBS spokesperson confirmed Tsao will be joining the bank. UBS declined to comment.
DBS Group Holdings Ltd. has hired Sarah Tsao from UBS Group AG in a senior role, according to people with knowledge of the matter.
Tsao will join DBS to cover government-linked corporations in Singapore, encompassing state investors Temasek Holdings Pte, GIC Pte and their subsidiaries, the people said, asking not to be identified discussing confidential matters. She is due to start at the city-state’s biggest lender early next year, they said.
