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Senior UBS banker Sarah Tsao is poised to join DBS Group in a government-linked corporations coverage role, according to individuals with knowledge of the planned hire.
Bloomberg reported that Tsao is expected to oversee DBS’ relationships with key state investment institutions, including Temasek Holdings, GIC and their portfolio companies.
She is slated to begin in early 2026, the sources said, noting that details of the move remain confidential.
DBS said it has agreed to bring Tsao on board. UBS did not respond to queries about her departure.
The transition comes shortly after Tsao was promoted to head of global banking for Singapore at UBS in April.
Public information shows she had earlier led corporate finance for Southeast Asia within UBS’ investment banking division, a role she has held since 2016.
Her background also includes positions at Temasek, Goldman Sachs and ANZ.
The hire fits into DBS’ expansion of its institutional and wealth management units.
It comes at a time when Temasek is preparing to reshape its portfolio into three subsidiaries next year.
Featured image: Edited by Fintech News Singapore, based on image by DBS
