DBS Private Bank has appointed Chia Su Ching to lead its Singapore-based Indonesia wealth management team effective 1 September.

Chia takes over from Terence Seow, who resigned in early August to become managing director of a new division for Bank of Singapore. She joins the unit from DBS' capital markets mergers and acquisitions division and will report to Chan Kwee Him, the country head for Indonesia.

In her new role, she will be leading a team of eight to help boost the DBS' private banking operations in Indonesia, with a focus on ultra-wealthy clients. She is expected to drive greater cross-selling of the firm's institutional banking, investment banking, and capital markets capabilities to clients in the country, said the firm in a statement.  

Her appointment takes the number employed in DBS' Indonesia private banking team to around 40. As of 30 July 2011, the bank had nearly 350 staff across the Asia Pacific region. 

DBS seeking to grow its market share of Asia's rapidly expanding wealthy population. The number of Asia Pacific-based millionaires in 2010 grew 9.7 per cent last year to 3.3 million, as noted by Capgemini and Merrill Lynch. Southeast Asia accounts for nearly 50 per cent of its private banking business.