Home > Newsroom > Former DBS Managing Director of Global Transaction Services Lum Yin Fong appointed to NETS Board
Former DBS Managing Director of Global Transaction Services Lum Yin Fong appointed to NETS Board
Banking veteran joins as Independent Director and will support the Board in driving the Singapore payments space.
Singapore, January 23, 2020 – Network for Electronic Transfers (NETS), Singapore’s leading payment services group, today announced the appointment of Ms Lum Yin Fong as its new Independent Director to the Board, with effect from January 22, 2020.
Ms. Lum is the former Managing Director of DBS Bank’s Global Transaction Services with its Investment Banking Group. Serving as MD from 2 April 2001 to February 28, 2017, Ms. Lum was responsible for the strategic development, governance and profitability of the bank’s Cash Management and Trade Finance products and services.
Since retiring from DBS, she has continued to serve as Independent Director at Banking Computer Services Private Limited (BCS), a NETS subsidiary company.
In her new capacity as Independent Director to the NETS Board, Ms. Lum will guide NETS to navigate the transforming payment landscape in Singapore and bring a fresh and objective perspective on matters relating to the corporate strategy, general policy and overall supervision of the company.
NETS Chairman Ching Wei Hong said, “We are very pleased to welcome Yin Fong to our Board as a new Independent Director. Her wealth of experience and deep knowledge in the banking industry makes her a valuable and relevant asset. I am confident she will contribute positively and help to further strengthen our leadership and balance the interest of our shareholders, employees and creditors as we enable greater innovations in the payments space.”
Ms. Lum brings more than 40 years of experience in cash management and trade finance products. Prior to joining DBS, Ms. Lum helped to set up and lead the Global Transaction Services Group at ABN AMRO Bank. Her career began at Citibank, where she left in 1997 as Regional Product Head of Trade Finance and Cash Management.
Important : Announcement: From 15 March 2022, NETS FlashPay cards will no longer be available for sale at TransitLink Ticket Offices in MRT stations. Commuters can continue to purchase NETS FlashPay cards at all Passenger Service Centres at rail lines (except TEL) and across all convenient stores in Singapore. Read more >>
Important : Announcement: With effect from 13 March 2022, eNETS Admin Portal and MerchantConnect will be enhanced with more Two-Factor Authentication (2FA) login options. Read more >>
Important : Advisory: Please beware of phishing mails and scam calls impersonating a NETS staff asking for your personal detail or any other sensitive information. Do not divulge confidential information over the phone, email or sms.Read more >>
Important : Announcement: Scheduled Maintenance: We carry out regular maintenance on our systems so you can enjoy a seamless payment experience. During the following periods of scheduled maintenance, some of our services will not be available.Read more >>