Strategy & Practice Management

Senior hire for DBS Hong Kong

Ajay Mathur has joined DBS as Managing Director and Head of Consumer Banking Group & Wealth Management in Hong Kong.

Ajay has more than 20 years of extensive retail and wealth exposure in Indonesia, Singapore and India. 

Ajay will report to DBS Hong Kong’s CEO, Sebastian Paredes. Ajay succeeds Royce Teo, who is returning to Singapore. 

Prior to joining DBS, Ajay was ANZ’s Deputy CEO and Director, Retail & Private Banking, in Indonesia, where he successfully built the ANZ business into the second largest foreign bank in Indonesia. He first started his banking career with Bank of America and thereafter with ABN AMRO in India. In 2008, Ajay joined Royal Bank of Scotland in Singapore as Executive Director, Head of Retail and Wealth, and subsequently ANZ in 2011 with ANZ’s acquisition of Royal Bank of Scotland’s retail and wealth business.  

DBS Hong Kong CEO Sebastian Paredes said, “Ajay has extensive expertise and experience across Asia. His success in building retail banking and wealth management businesses makes him well suited to lead our Consumer Banking franchise, and I believe he will be an invaluable asset to the bank. We are pleased to welcome Ajay to the DBS Hong Kong family.”