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ERROR: type should be string, got "https://www.wsj.com/articles/SB1024852874793487320\nPaillart Resigns as DBS's CEO, Jackson Tai Is Named Successor\nBy Richard BorsukStaff Reporter of The Wall Street Journal\nSINGAPORE -- DBS Group Holdings Ltd. , Southeast Asia's biggest lender, said its chief executive and vice chairman, Philippe Paillart, would step down on June 30 \"for personal reasons\" and be succeeded by Jackson Tai, the bank's president and chief operating officer.\nSunday night's unexpected announcement didn't elaborate on the departure of Mr. Paillart, 50 years old, a French national who joined the bank in July 2000 and became CEO in January 2001. The U.S.-born Mr. Tai will become the third non-Singaporean in four years atop state-linked DBS. The first was longtime J.P. Morgan & Co. banker John Olds, appointed in 1998, who thus became the first foreigner to lead a Singapore bank. In 1999, Mr. Olds brought in Mr. Tai, another veteran J.P. Morgan banker, as chief financial officer. The bank is now known as J.P. Morgan Chase & Co.\nIn addition to the change of CEO, DBS also announced that senior executive Frank Wong will become chairman of Dao Heng Bank, a Hong Kong bank that is 72%-owned by DBS. It said Mr. Wong, another former J.P. Morgan man who has been part of DBS's corporate office, will oversee all DBS operations in Hong Kong, with Randolph Sullivan continuing as Hong Kong country head. \"[Mr.] Wong will assume senior-client responsibilities in Hong Kong and oversee the implementation of DBS's Greater China business strategy,\" it said.\nIn addition, DBS said its vice chairman, Ng Kee Choe, will oversee information technology and processing on top of his current responsibilities for risk management and credit management. He will continue to be the senior banker responsible for DBS's Singapore business.\nS. Dhanabalan, DBS chairman, said in the announcement that Mr. Paillart has contributed \"very valuable strategic and marketing insight\" and that the bank's consumer skills and processes \"have been much enhanced.\"\nCalling the newly named chief executive, 51, a \"proven cross-functional leader,\" the chairman said, \"Jack Tai has demonstrated the ability over the last three years to reinvigorate and integrate our operations.\" With Mr. Tai's appointment, DBS again will have a CEO with an investment-banking background, rather than consumer banking as Mr. Paillart had.\nDBS became a much bigger regional bank during Mr. Paillart's 18-tenure month, especially with the acquisition of Dao Heng, criticized by some banking analysts as too costly.\nWhile the Singapore government's share of DBS has diminished significantly in recent years, the government still owns about 30% through Temasek Holdings Ltd., a pivotal investment arm of which Mr. Dhanabalan is also the chairman.\nWrite to Richard Borsuk at richard.borsuk@wsj.com\nCopyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8\nThe Home Depot:\nKitchen essentials at 20% off with Home Depot coupon\nJCPenney:\nJCPenney Promo Code - Up to 80% off Clearance + 10% off with free pickup\nJoe Biden Vows to Unify America. That Job Has Become Dramatically Harder.\nTrump Spends Final Days Focused on GOP Defectors, Senate Defense\nWSJ News Exclusive | Covid-19 Vaccine Leaders Waited Months to Approve Distribution Plans\nBoeing’s Other Big Problem: Fixing Its Space Program\nArizona Is America’s Covid-19 Hot Spot and on the Brink of Crisis\nThe World’s Tallest Geyser Holds On to Some Secrets\nHow the Capitol Riot Thrust Big American Companies Deeper Into Politics\nHow to Make a Movie About the Covid-19 Pandemic During the Pandemic\nBiden’s Stimulus Is a Two-Pronged Attack on Income Inequality\nAre Videogames the Future of Remote Work?\nCopyright © 2021 Dow Jones & Company, Inc. All Rights Reserved"