Southeast Asia’s largest bank, DBS has made a number of senior appointments to its global transaction services (GTS) team.
Ken Stratton has joined as managing director and global head of sales for GTS and will be responsible for managing trade finance, cash management and securities and fiduciary services sales teams across the bank’s 16 markets in Asia, the UK and the US.
Stratton brings 25 years of experience to the role.
He has worked as managing director for Standard Chartered’s cash and trade business in the US, and most recently held the position of head of financial institutions sales, treasury services for Australia and New Zealand at JP Morgan.
Stratton will report to Tom McCabe, DBS’s group head of GTS, who says: “The potential in Asia for the GTS business is huge and DBS is committed to investing in people, technology and infrastructure to meet customer needs amid what we believe to be massive growth across the region.
“We are thrilled to have someone of Ken’s depth of expertise join our team in these exciting times. As we expand our franchise, Ken’s strong management and strategic skills will enable us to accelerate our pace of growth and bring us closer to our goal of becoming a leading transaction bank in Asia.”
This latest hire comes after a spate of expansion for DBS, who recently appointed Chan Tuck Wai from RBS as head of GTS, China, to cover the bank’s cash management and trade finance business there.
Furthermore, the bank also recently named Lee Tze Tze as head of supply chain product management.
Tze Tze, who has been with DBS for almost 20 years, will be responsible for developing and launching a regional supply chain management business solution that will enable the bank to cater further to its corporate and small and medium-sized enterprise customer base.
The hires come as part of DBS’s efforts to double their business in Asia in three years.