Media Releases

DBS Consumer Banking Head Appointed To NETS Board

Jeremy Soo’s experience will strengthen NETS Board in growing company’s pole position in payment services in Singapore

Singapore — NETS, Singapore’s leading payment solutions provider, today announced that Mr Jeremy Soo Hsiao Chin, DBS’ Managing Director and Head of Consumer Banking Group, Singapore, has been appointed to its Board of Directors.

Mr Soo’s appointment will take immediate effect. He succeeds Ms Rachel Yap as a DBS representative to the NETS Board.

NETS CEO, Jeffrey Goh said: “We welcome Mr Soo to our Board. His rich experience in consumer banking at DBS and other global financial institutions will be invaluable in NETS, which is leading the way in payment services in Singapore.”

Mr Soo has 30 years of consumer banking and finance experience. He joined DBS in 2003 and oversees the DBS, POSB, Wealth Management networks and distribution, ATM/digital/mobile channels as well as all key consumer related products and services in Singapore.

Mr Soo is instrumental in the digital transformation of DBS Singapore’s consumer banking business. Under his leadership, the consumer banking business rolled out several first-in-market innovations, including DBS SMS Q, POSB Cash-Point and DBS FasTrack. The business has also shown consistent revenue growth and gains in market share across most segments – no small feat given Singapore’s highly competitive banking landscape.

The Board and Management of NETS thank Ms Yap for her contributions to NETS.