DBS appointed Ginger Cheng, one of its veteran bankers, as its new China CEO, the bank announced on Wednesday.

Cheng is currently the deputy CEO of DBS China and the head of DBS' Institutional Banking Group (IBG) in China. He will take over on April 1st, subject to regulatory approval.

She takes over the role from Neil Ge, who will retire from the bank at the end of June. 

A Chinese citizen, Ginger joined DBS Hong Kong in 2001 in Syndicated Finance. Over the course of her 20-year career in DBS, she has held progressively senior roles in IBG in both Hong Kong and China. In October 2019, she was appointed Head of IBG China, and her remit was expanded to include the DBS China Deputy CEO role in September 2021.  

Piyush Gupta, the CEO of DBS said, “Under Neil’s leadership, DBS today has a growing franchise in China which we will continue to build on.”

“It is testament to our deep bench strength and commitment to grooming talent that we have been able to appoint his successor from our slate of internal candidates. I am particularly delighted that we will further add to DBS’ already strong set of female leaders in top management.”