The Singapore-headquartered bank, which reported its full-year 2024 and Q4 financial results earlier this week, has announced a number of top-level appointments.

DBS has appointed Derrick Goh, who is presently its group audit head, to the newly-formed role of group chief operating officer. Effective 1 April, Goh will oversee operations and the bank’s transformation group.

Koh Kar Siong, presently group head of corporate and SME banking, will take over as group audit head. His appointment also takes effect from the start of April, the Singapore-headquartered bank said in a statement. 

Goh has been with DBS since 2008. Before heading group audit in 2018, he led the regional Treasures and Treasures Private Client wealth management business. Before that, Goh was head of POSB and Consumer Banking Group (CBG) distribution in Singapore. His other roles at DBS included regional COO and chief financial officer of the institutional banking group, as well as head of finance, group planning and analytics.

Koh, meanwhile, joined DBS in 2003 and has worked across businesses and geographies. Prior to his current role, he was head of SME banking in Singapore. Before that, he served im various roles in CBG and wealth management, including head of POSB Bank and CBG distribution in Singapore, and head of CBG in China.

The lender also said that Jimmy Ng, group head of operations, would be retiring from executive duties with effect from 1 July 2025. He will be made senior advisor for the bank’s artificial intelligence efforts until 31 December 2025.

Earlier this week, DBS announced its financial results for 2024, including the fourth quarter.