DBS appoints Bonghan Cho as new board member

DBS Group Holdings (DBSH) said today it has appointed Dr. Bonghan Cho, 53, to the Boards of DBS Group Holdings and DBS Bank. The appointment takes effect on 26 April 2018. A leader in digital innovation, Dr. Cho’s extensive experience in artificial intelligence, emerging technologies and banking will complement and strengthen the overall composition of the DBS Boards.

Dr. Cho is presently founder and CEO of Equalkey Corp, a South Korea-based company he established in 2016. Equalkey Corp’s vision is to transform mathematics and number education using an innovative curriculum and systematic approach, enabled by artificial intelligence (AI).

Between 2014 and 2015, Dr. Cho was Executive Vice President and Chief Innovation Officer for Samsung Fire & Marine Insurance, based in Korea. In this role, he introduced AI and Big Data analysis into the insurance underwriting and claims handling process.

Prior to that, he was concurrently Group Deputy CEO and Chief Information Officer of Hana Financial Holdings and President and CEO of Hana INS. In both roles, which he held from 2008 to 2013, he helped transform the companies into smart businesses by leading their digital push.

Before that, he was Senior Executive Vice President and Chief Information Officer of Hana Bank. At Hana Bank, the Next Generation Banking System whose design, development and implementation he spearheaded was widely recognised. Hana was named “Bank of the Future” by Gartner.

Dr. Cho holds a Ph.D and MS in Computer Science specialising in AI from the University of Southern California (USC), USA. In addition to having an illustrious career, he is the recipient of a Silver-Medal Award in the 1996 AAAI Robotics Competition, a World Championship Award in RoboCup-97 (the First Robot World Cup Soccer Games) and a Meritorious Service Award at USC in 1997. He has also won the Republic of Korea President award for his contributions to the advancement of the software industry.

Peter Seah, Chairman of DBSH and DBS Bank, said, "I join my fellow directors in welcoming Bonghan to the boards. Bonghan is a tremendous leader in digital banking. His solid credentials in the use of technology in banking, and his deep knowledge of the field of artificial intelligence, make him a strong addition to the DBS Boards. While DBS has made huge inroads in our digital transformation, including having been named World’s Best Digital Bank, Bonghan’s expertise and experience will be invaluable as the bank continues on our journey of reimagining banking.”

Re-disseminated by The Asian Banker

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