DBS Hong Kong CEO Paredes to Retire in March; Taiwan Head Ng to Succeed
SingTao · 1 SOURCESabout 1 hour ago2 MIN
Summary
DBS Hong Kong announced on Tuesday that Sebastian Paredes, who has served as the bank's North Asia Head and Hong Kong CEO for 16 years, will retire on March 1 next year. He will remain with the bank as Senior Advisor. The successor will be Ng Sier Han, currently DBS Taiwan CEO, pending regulatory approval .
Key Points
- Sebastian Paredes has held the position of DBS Hong Kong CEO since September 2010, making him the longest-serving bank CEO in Hong Kong's banking industry
- He has also served as Chairman of DBS Bank (China) since April 2023, overseeing operations across mainland China, Hong Kong, and Taiwan
- Under his leadership, DBS Hong Kong achieved record net profit of HK$9.6 billion in 2025, while Greater China operations reached S$791 million (approximately HK$4.8 billion)
- Paredes drove digital transformation through AI technology, data analytics, and digitalization to enhance operational efficiency and customer experience
- DBS plans to extend Generative AI and Agentic AI services to over 1 million Hong Kong users, enabling customers to check transactions, payment status, and banking fees through single conversations
- DBS Group CEO Teresa Tcham praised Paredes for his pivotal role in transforming DBS Hong Kong into a leading bank during his 16 years of service
Why It Matters
The leadership transition comes as DBS Hong Kong achieves record profitability under Paredes' stewardship, marking a significant moment for the bank's regional operations in the Greater China market. With Ng Sier Han's appointment pending regulatory approval, the change signals continuity in DBS's strategic direction while bringing fresh perspective to Hong Kong's competitive banking sector. The focus on AI expansion reflects the bank's commitment to digital innovation as a key growth driver for the next phase of development in the North Asia region .
The leadership transition comes as DBS Hong Kong achieves record profitability under Paredes' stewardship, marking a significant moment for the bank's regional operations in the Greater China market. With Ng Sier Han's appointment pending regulatory approval, the change signals continuity in DBS's strategic direction while bringing fresh perspective to Hong Kong's competitive banking sector. The focus on AI expansion reflects the bank's commitment to digital innovation as a key growth driver for the next phase of development in the North Asia region .