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Singapore's DBS appoints Ping An Technology CEO as chief information officer
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Singapore's DBS appoints Ping An Technology CEO as chief information officer
May 8, 2024 4:09 AM

SINGAPORE, May 8 (Reuters) - Singapore's biggest bank

DBS Group said on Wednesday that it has appointed Ping

An Technology's chairman and CEO Eugene Huang as its chief

information officer (CIO) effective Friday.

Huang, who is joining from Ping An Group, has over 36 years

of technology and banking experience and will report to DBS

Group CEO Piyush Gupta in his new role, DBS said in a statement

on Wednesday.

"His immediate focus will be to build on the work the bank

has done since last year to strengthen our technology

resiliency," Gupta said in the statement.

The Monetary Authority of Singapore (MAS) announced on April

30 that it ended DBS's six-month ban from acquiring new

businesses or making non-essential IT changes after DBS

addressed problems that had disrupted its digital banking

services in 2023.

But two days later on May 2, DBS experienced disruptions

with its online and mobile banking again, which prompted MAS to

follow up with DBS to identify the root cause of the issues, The

Strait Times reported.

Huang will take over the CIO role from Han Kwee Juan, who

has been double-hatting as DBS acting CIO and Singapore country

head since November 2023, according to DBS.

Following this, Han will return full-time to being Singapore

country head from June 1, DBS added.

Prior to Ping An, Huang was Deputy General Manager, Chief

Technology Officer and Chief Operating Officer at OneConnect

Financial Technology ( OCFT ).

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