June 17, 2011 / 10:56 AM / 8 years ago

UPDATE 1-DBS Indonesia president-director Gunawan quits, to join UOB

(Updates with Gunawan joining UOB)

By Kevin Lim

SINGAPORE, June 17 (Reuters) - Hendra Gunawan, the second-highest ranking executive at DBS Group’s Indonesian operations, has resigned to join rival Singapore lender United Overseas Bank .

“DBS Indonesia President Director Hendra Gunawan has decided to pursue new career opportunities outside DBS. His last day at the bank is June 30,” a DBS spokeswoman said on Friday in response to a query from Reuters.

“The search for Hendra’s successor has commenced,” she said, adding corporate banking director Dani Prabawa will be acting president-director in the interim.

A UOB spokeswoman confirmed Gunawan is joining the rival Singapore bank but declined to reveal what his position at UOB will be.

Gunawan joined DBS in January 2003 and was head of its corporate and investment banking in Indonesia. He had previously worked at Deutsche Bank and Schroeder Investment Management.

He is the second ranking executive at DBS Indonesia after Bernard Tan, a former brigadier general with the Singapore Armed Forces who holds the title of commissioner at the Indonesian unit.

DBS is Singapore’s and Southeast Asia’s largest bank by assets while UOB is the city-state’s number three lender. (Editing by Raju Gopalakrishnan)

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