DBS poaches Richard Stanley as new CEO

Citi's chief executive in China takes over at DBS following Jackson Tai's departure from the Singapore-based bank at the end of last year.

DBS Group has appointed veteran Citi banker Richard Stanley as its new CEO following an extensive global search. Stanley, who will take up his new position on May 1, is replacing Jackson Tai who resigned in September after five-and-a-half years at the helm.

Stanley, who is 47, has been CEO of CitiÆs China business since 2005 and has been instrumental in building the bankÆs China franchise for the past eight years, having also acted as country officer and managing director...

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