DBS has appointed Thuy Minh Lai as deputy general director of DBS Vietnam to lead its Global Transaction Services business. Announced on July 8, the appointment puts Lai in charge of cash management, payments and trade finance, reporting to CEO Abdul Raof Latiff.
Lai joins from Citibank Vietnam, where she spent more than two decades in senior roles including country services head, Country Treasury and Trade Solutions head, head of Legal and interim country officer. At Citibank she led liquidity management, payments and trade financing.
“Vietnam continues to strengthen its role in regional trade, investment and supply chains, creating new opportunities for businesses operating across Asia. With more than 20 years of experience spanning transaction banking, governance and country leadership, Thuy is well positioned to support our clients as their cross-border banking needs continue to evolve. Her appointment reflects our continued commitment to support Vietnamese businesses with the banking capabilities they need to capture growth opportunities in Vietnam and across the region,” said Latiff.
DBS operates in 19 markets across Asia. It opened its Vietnam representative office in 2008 and its first branch in Ho Chi Minh City in 2010. The bank has been named Safest Bank in Asia by Global Finance for 17 consecutive years, from 2009 to 2025.