DBS private bank names Lawrence Lua Southeast Asia head

The lender expects the former Julius Baer banker the experience it needs to tap the booming private banking business in Southeast Asia.

The private banking arm of Singapore's DBS has hired Lawrence Lua from Julius Baer as head of its Southeast Asia business.

Lua, who will also be a managing director, will join on April 1, DBS said in a statement.

Southeast Asia accounts for about half of DBS's private bank business.

"The growing wealth in the region presents huge opportunities for us and recently we made several appointments that will help to further bolster our capabilities and add depth of experience to the team," said Tan Su Shan, group head of wealth management at DBS.

View the full story in Reuters.