DBS Private Bank, the subsidiary of DBS Group, has appointed Chan Kwee Him as country head of Indonesia.

Chan joins the firm from Bank of America Merrill Lynch, where he served as managing director of investments, Pacific Rim, under the private banking and investment business. In his new role, he will lead the private bank's development in Indonesia from Singapore and will report to group head of wealth management Tan Su Shan. He will manage a team of 30 relationship managers.

Also stepping in is Bryan Goh as head of alternatives. Goh comes from UK alternatives firm First Avenue Partners as founding partner and head of due diligence. At DBS, he will provide due diligence, manager sourcing and selection, and manage operations involving hedge funds, private equity and real estate funds.

Chan takes over his new position on 8 November, while Goh will not step in until January 2011.

In the latest Credit Suisse Global Wealth Report, Indonesia's total wealth has been estimated to be worth $1.8 trillion. By 2015, the country is expected to grow to over $3 trillion.