Senior UBS banker Sarah Tsao is poised to affix DBS Group in a government-linked companies protection function, in response to people with information of the deliberate rent.
Bloomberg reported that Tsao is predicted to supervise DBS’ relationships with key state funding establishments, together with Temasek Holdings, GIC and their portfolio firms.
She is slated to start in early 2026, the sources stated, noting that particulars of the transfer stay confidential.
DBS stated it has agreed to carry Tsao on board. UBS didn’t reply to queries about her departure.
The transition comes shortly after Tsao was promoted to move of world banking for Singapore at UBS in April.
Public info exhibits she had earlier led company finance for Southeast Asia inside UBS’ funding banking division, a task she has held since 2016.
Her background additionally consists of positions at Temasek, Goldman Sachs and ANZ.
The rent matches into DBS’ enlargement of its institutional and wealth administration items.
It comes at a time when Temasek is making ready to reshape its portfolio into three subsidiaries subsequent yr.
Featured picture: Edited by Fintech Information Singapore, primarily based on picture by DBS
