Singapore banker Jeanette Wong among top 25 women in finance in Asia-Pacific: FinanceAsia

DBS’ head of institutional banking Jeanette Wong, 55, is the only Singapore banker in FinanceAsia's list this year.
DBS’ head of institutional banking Jeanette Wong, 55, is the only Singapore banker in FinanceAsia's list this year. PHOTO: DBS

SINGAPORE - DBS' head of institutional banking Jeanette Wong has been named one of the top 25 women in Asia-Pacific's financial sector by regional magazine FinanceAsia.

Ms Wong, 55, is the only Singapore banker honoured this year together with some of the most influential women in investment and commercial banking across the Asia-Pacific.

Most of the other women who received the accolade are from global banking giants like Goldman Sachs and JP Morgan, and the list includes women in the new area of financial technology such as Lucy Peng of Ant Financial, an affiliate of Chinese ecommerce giant Alibaba.

The magazine lauded Ms Wong for leading DBS' efforts in growing its fee income business and building up its advisory and deal-making capabilities.

"She has also been instrumental in building DBS' sustainable annuity business including cash management and trade finance to supplement the bank's core lending business" said the magazine.

Ms Wong took over the reins of DBS' institutional banking business in August 2008, at the brink of the global financial crisis.

She has since steered the business towards rising profitability by continuing to invest in building capabilities in key revenue-generating units such as global transaction services, as well as client and industry coverage.

DBS' international banking group banks over 200,000 institutional clients across Asia, and accounted for more than 50 per cent of the bank's group income of $9.62 billion last year.