DBS names new HK consumer banking and wealth head

Singapore’s DBS has promoted Royce Teo to Hong Kong head of consumer banking and wealth management from regional head of Treasures Private Client and Treasures, services for high-net-worth and mass-affluent investors, respectively. He succeeds Pearlyn Phau, who was promoted to deputy group head of consumer banking group and wealth management in January. Phau replaced Domenic Fuda, who left DBS to take up the role of Malaysia chief executive of Kuala Lumpur-based Hong Leong Bank on…