Aug 13 (Reuters) - DBS Group said on Thursday

Sebastian Paredes, the top boss of its Hong Kong unit, will

retire in March next year after nearly two decades in the role.

Paredes, who will also retire as Head of North Asia, took

the helm of DBS Hong Kong in September 2010. He has also served

as chairman of DBS China since April 2023, overseeing the

group's North Asia franchise, which covers Hong Kong, mainland

China and Taiwan.

He will be replaced by Ng Sier Han, who has been with the

bank since 2004 and is currently the chief of DBS Taiwan,

subject to regulatory approval.

Lim Chu Chong, president director of DBS Indonesia, will

assume the top role at DBS Taiwan effective January 2027.

A banker for more than 40 years, Paredes was president

director of PT Bank Danamon Indonesia before joining

DBS. Before Danamon, he spent 20 years at Citigroup ( C ) in South

America, Central America, Turkey and Central Asia and was Head

of Sub-Saharan Africa.

DBS said he will stay with the bank as senior advisor after

his retirement.