Said Lee Yan Hong, Managing Director of DBS Group Human Resource: “As a bank born and bred in Asia, DBS believes in building a strong pipeline of leaders who will help shape the future of banking. We have a comprehensive programme in place that helps identify and groom the next few generations of leaders across the bank. We are pleased to be recognised as one of the top companies for leaders globally. To be the highest-ranked Singapore-based company on the list is a further testament of our talent development strategy.”
Winners of The 2014 Aon Hewitt Global Top Companies for Leaders were selected and ranked based on a number of criteria, including strength of leadership practices and culture, examples of leader development on a global scale, alignment of business and leadership strategy, company reputation, business and financial performance.
DBS’ talent development strategy is centred around grooming talents to meet current and future business needs, including succession planning for key leadership positions. The bank has a programme in place to identify and engage talents at different levels across the bank. Its talent pool comprises young talents to senior professionals who are offered a differentiated development experience and training roadmaps based on needs and career aspirations at each stage.
Through the bank’s internal mobility programme, talents are mobilised to work on key projects or rotated into roles in DBS’ six key markets, enabling them to gain greater exposure, knowledge and experience. Every year, one third of talents leverage these mobility opportunities to gain a broader perspective and in-depth knowledge of the bank.
To ensure a holistic development experience, these future leaders also participate in talent conferences, external programmes, mentoring or coaching. Through these development opportunities, they are able to build a strong network with their peers.
In order to continually innovate and position itself as the Asian bank of choice, it is also important for the bank to achieve corporate diversity among its talent pool. In addition to hiring talents from non-banking background, the bank also hires more than 200 new graduates from a range of backgrounds and disciplines through its six talent programmes for recent graduates.
With technology rapidly changing the way people interact with banks, the diversity in its leadership talent pool helps DBS identify and act on opportunities to shape the future of banking. To help leaders make a mindset shift, the bank organises innovative learning experiences such as hackathons that encourage them to adopt an outside-in perspective. These mindset changes led to the development of banking services such as DBS PayLah!, an mobile wallet application for peer-to-peer payments in Singapore.
Lee added: “As the digital banking evolution continues to unfold, it is important to ensure that our leaders are well-equipped with the knowledge and skill sets to identify and act on opportunities and threats. By bringing talents with different expertise together, we are able to create even greater value to our customers.”
“In today’s complex and unpredictable business landscape, Top Companies for Leaders are passionate about cultivating resilient and engaging leaders who take the time to know and develop their talent and understand what experiences they need to rise above the rest,” said Pete Sanborn, Aon Hewitt Global Talent practice leader.
Conducted six times since 2001, The Aon Hewitt Global Top Companies for Leaders study is a comprehensive analysis of talent management and leadership practices of organisations around the world. This year, nearly 180 companies from North America, Europe, Asia-Pacific and Latin America participated in the study.