Richard Vargo

Managing Director, Bancassurance, Consumer Investment & Insurance Products

DBS Bank

Profile:

Richard A Vargo is currently Managing Director of Bancassurance for DBS Bank based in Singapore. Working with in-country wealth management product teams, franchise and sales channel partners of DBS, Rick is responsible for the strategic development and expansion of Bancassurance in the Bank’s six primary markets of Singapore, Hong Kong, China, Taiwan, Indonesia and India. In his capacity he is also responsible for key insurance partner relationships throughout the region. During the past year Rick Co-led Project Blue, an open bid process to determine the bank’s new Bancassurance life partner that consummated in a 15-year exclusive regional distribution partnership with Manulife Financial Group. Immediately prior to joining DBS Rick was based in Hong Kong as Vice President of Distribution with AIA overseeing distribution channels in China, Taiwan and India. Rick began his career in financial services more than 30 years ago as an advisor with John Hancock Financial Services in the US. During the last 27 years, he has held senior management positions in Bancassurance, Distribution, Marketing and Wealth Management in Hong Kong, Singapore and Indonesia before joining before joining DBS. He is a graduate of the University of Colorado with a BSc in Finance and is a CLU, ChFC and CFP. Rick is married, with two adult children and enjoys many outdoor activities including biking, triathlons, golf and snow skiing.

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Digital & Technology

DBS’s Bancassurance business makes strides with digital transformation and serves its customers better Richard Vargo, managing director of DBS Bank’s Regional Bancassurance business, is training for his first marathon and is evidently not someone to let the grass grow under his feet. At the office and on his business travels, his energies are directed to ensuring that the digital transformation of th....

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