AXS appoints DBS's Tom McCabe as chairman

Tom McCabe has been appointed chairman of AXS, a subsidiary of Singapore-based DBS Bank. The new position at AXS is in addition to his role as managing director and head of global transaction services at DBS Bank. McCabe, who joined DBS from Standard Chartered at the beginning of last year, is responsible for overseeing DBS's transaction banking team in Asia-Pacific which covers 15 markets and more than 50 cities.