Editor’s note: this article was first published as a breaking news story on 6 August 2020.
Piere DeGagne, DBS Private Bank’s head of funds selection and advisory, will be leaving the bank, according to a Singapore-based spokeswoman of the firm.
He will be heading back to Canada this month for personal and family reasons.
DeGagne has been with DBS for seven years and has been instrumental in building the bank’s funds selection team, supporting the growth of its investment funds under advisory across the regional consumer banking and wealth franchises.
Replacing DeGagne is John Ng, who assumed the head of funds selection and advisory role on 1 July, according to the spokeswoman.
Ng joined DBS Private Bank in 2017 as its head of portfolio counseling and product strategy. It was a newly created function within the bank’s product advisory team, where he was tasked to provide strategic portfolio advice and formulate model portfolios to cater to the various market segments, according to a statement at the time.
Before DBS, Ng was at Bank of Singapore, where he spent eight years building and managing the research teams in cash equities, bonds, funds and private equity. He was also responsible for product marketing, which put together all product publications and communications.
