DBS, Singapore's largest bank, has appointed Kelvin Wong as chief sustainability officer. Wong will officially take over from Helge Muenkel on May 11 as the latter leaves the bank and relocates overseas.
Joining DBS a decade ago, Wong is currently managing director and head of energy, renewables and infrastructure in the institutional banking group. Previously, Wong was a senior banker at Commonwealth Bank of Australia and Standard Chartered Bank, working across various fields in specialised finance including project, acquisition and leveraged finance, as well as mergers and acquisitions. He also served in the Energy Market Authority of Singapore.
According to a writeup on the Singapore International Energy Week website, Wong has advised on mergers and acquisitions as well as advised and arranged sustainability-linked financings and carbon credits for the renewable energy, conventional power, oil and gas, and telecommunication sectors in Asia Pacific.
DBS CEO Tan Su Shan says: “At DBS, our conviction is that sustainability is a core driver of long-term value. When approached pragmatically, it strengthens competitiveness, improves lives and builds resilience for the future. This belief is reinforced by recent geopolitical developments which have highlighted the importance of resilient systems – particularly energy that is available, affordable, diversified and sustainable. With over 20 years of experience in energy, policy regulation and financing, Kelvin is well‑placed to advance DBS’ sustainability agenda with our clients and communities. We also extend our deep thanks to Helge for his invaluable contributions to DBS’ sustainability journey and wish him every success ahead.”
Wong holds an honours degree in business administration from the National University of Singapore and obtained his MBA from Arcadia University. He is a member of the International Energy Agency (IEA) Finance Industry Advisory Board and has been a peer reviewer of the IEA’s annual Southeast Asia Energy Outlook report since 2021.
