DBS has hired Eugene Huang, who was chief executive officer of Ping An's technology arm, to be the bank's chief information officer. Huang, with more than 36 years of technology and banking experience under his belt, will be under pressure to fix several outage issues that have plagued the bank since the beginning of last year. As a result of the disruptions to service, members of the bank's group management committee, including its chief executive officer Piyush Gupta, have taken pay cuts.

Huang will take over the role of CIO from Han Kwee Juan. Han has been double-hatting as acting CIO and Singapore country head since November 2023, when the bank split its technology and operations function into two units under its drive to improve technology resiliency. With Huang joining the group, Han will return to being Singapore country head full-time from June 1, 2024.

Before that, Huang, an American citizen, was chief technology officer and chief operating officer at OneConnect Financial Technology, a technology-services platform for financial institutions launched by Ping An in 2015.