DBS announces appointment of Head of Bancassurance

DBS Hong Kong has announced the appointment of Lo Wing Yiu as its Head of Bancassurance, succeeding Terry Li in the role.

Li spend four years in the position, growing DBS’ insurance business in Hong Kong, the firm said in a press release.

Prior to joining DBS, Lo was AIA Group’s Head of Digital. He was previously Head of Bancassurance at Standard Chartered Bank. He has also held various senior management positions, including Head of Insurance Development, Asia Pacific, at HSBC Insurance, and AXA Hong Kong’s Head of Individual Life Products and Head of Strategic & Business Development, Bancassurance & Corporate Solutions, says DBS.

Ajay Mathur, Managing Director and Head of Consumer Banking Group and Wealth Management, Hong Kong, DBS, said: “Our bancassurance business in Hong Kong has been going from strength to strength, and we are well-positioned to drive the next phase of our growth here. As we continue to build on our digital capabilities and enhance our market-leading customer experience, we are confident that Wing will successfully lead the bancassurance business to new heights.”