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DBS CEO Tan Su Shan Open to ‘Bolt-On’ Acquisitions and Focused on High-Return Businesses

/in /tarafından

DBS Group’s incoming CEO, Tan Su Shan, has expressed openness to “bolt-on” acquisitions as part of her strategy to boost the bank’s high-return businesses, particularly wealth and transaction banking. Tan, who will become DBS’ first female CEO and the first appointed from within the bank, will succeed Piyush Gupta on March 28.

Currently the deputy CEO, Tan has been with DBS for 15 years and will take on the leadership role at a time when the bank is posting record annual revenue and profits. However, she will need to navigate global economic and market volatility, including geopolitical uncertainties and potential policy shifts. “We recognize that there will be significant uncertainty in the macroeconomic environment,” Tan said, emphasizing the importance of scenario planning and targeted early warning triggers.

While DBS has a strong presence in Singapore, Hong Kong, India, China, Taiwan, and Indonesia, Tan aims to strengthen the bank’s operations in its existing markets. She emphasized the importance of focusing on these areas rather than expanding too quickly. “We are only interested in bolt-on deals rather than large-scale M&As,” she explained, adding that acquisitions would need to align with DBS’s strategy and offer clear value.

Additionally, Tan is committed to upskilling the bank’s workforce, with a focus on AI and data-related skills. Approximately 13,000 staff members are targeted for upskilling or reskilling, with 10,000 already in training. DBS has also appointed Derrick Goh as its new Chief Operating Officer, effective April 1, to oversee both operations and transformation.

Infosys CTO Discusses Evolution of Talent Management at Davos

/in /tarafından

At the World Economic Forum in Davos, Switzerland, Infosys’ Chief Technology Officer, Rafee Tarafdar, discussed the evolving landscape of talent management within the Indian IT sector, highlighting shifts in traditional models and the impact of emerging technologies such as generative AI.

Key Points:

  • Shift in Talent Management: Traditionally, the IT industry has operated under a “pyramid” model, where the majority of employees are at the entry level, with fewer in more senior roles. Infosys, a major player in India’s IT sector, is exploring how this model will evolve in response to industry changes, particularly as the demand for specialized skills grows.
  • Generative AI’s Impact: The widespread use of generative AI is expected to affect job structures in the tech industry, with roles like “responsible AI” emerging to address the ethical concerns surrounding AI. Infosys is adapting by creating new roles and ensuring its employees are upskilled to meet the demands of the evolving job market.
  • Internal Experiments: Infosys is experimenting internally to understand the best approaches to talent management and skill development, focusing on creating specialists in new areas while reskilling the existing workforce. This includes new roles in AI and model engineering, both of which are expected to grow in importance.
  • Upskilling and New Hires: To stay ahead of the curve, Infosys is fostering continuous learning among its employees, with a focus on both upskilling current staff and hiring new talent for emerging roles in AI and technology.
  • Future Talent Needs: Looking ahead, Tarafdar highlighted the increasing demand for expertise in responsible AI and model engineering, signaling a shift towards more advanced and specialized roles within the tech industry.