What Will Kelvin Wong Bring to DBS Bank as its New CSO?

DBS is a financial services group headquartered in Singapore, with a presence in 19 markets.

It has announced the appointment of Kelvin Wong as its new Chief Sustainability Officer.

He will take office on 11 May 2026, taking over from Helge Muenkel who is leaving the bank to relocate overseas.

Kelvin’s career to date

Kelvin joined DBS Bank in 2017 as a Managing Director for Project Finance, which is a position he held for more than four years.

He was also a Managing Director for Power and Utilities, before becoming Managing Director for Energy Renewables Infrastructure in 2022. 

His career spans 25 years, starting at Energy Market Authority in Singapore.

In this role, he led a team responsible for forecasting power and gas demand and supply in Singapore and formulated economic and financial regulations.

He has worked for KPMG Corporate Finance as Assistant Manager for Global Infrastructure & Projects, where he gave advice on corporate finance, corporate strategy and economic regulation for power, water and wastewater, energy and infrastructure sector clients.

Before joining DBS, Kelvin worked for Standard Chartered Bank and Commonwealth Bank, where he worked in project finance, specialising in energy, infrastructure, power and utilities.

He holds an honours degree in Business Administration from the National University of Singapore and has an MBA from Arcadia University.

Kelvin is a member of the International Energy Agency (IEA) Finance Industry Advisory Board and has been a peer reviewer of the IEA’s annual Southeast Asia Energy Outlook report since 2021.

Sustainability at DBS

DBS is working towards its vision to be the Best Bank for a Better World, aiming to build long-term value for stakeholders while prioritising sustainability.

Through this, it focuses on environmental and social factors in order to create sustainable outcomes for the company and its partners.

It is partnering with its clients to support Asia’s transition to a low carbon economy, by integrating sustainability into financing solutions and investment opportunities.

Through its DBS Foundation, it aims to create impact beyond banking by supporting the lives and livelihoods of vulnerable communities.

It has committed SGD 1bn (US$785m) for the next decade to support vulnerable communities, in order to create a world where everyone has the opportunity to thrive.

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Co-located with Procurement & Supply Chain LIVE, the event unites senior decision-makers at a time when supply chains, sustainability and business performance are more interdependent than ever.

Secure your place now for The US Summit – group booking discounts available.

Kelvin’s role as CSO

In his new role, Kelvin brings expertise in the power, renewable energy, water and wastewater, energy value chain, infrastructure and telecommunications sectors in Asia.

He has experience from his previous roles at DBS, where he focused on providing corporate and investment banking solutions to clients across the energy value chain.

His work particularly looks at solutions for the energy transition, including carbon credits and sustainability solutions.

Tan Su Shan, CEO of DBS, says: “At DBS, our conviction is that sustainability is a core driver of long-term value. When approached pragmatically, it strengthens competitiveness, improves lives and builds resilience for the future. 

“This belief is reinforced by recent geopolitical developments which have highlighted the importance of resilient systems – particularly energy that is available, affordable, diversified and sustainable. 

“With over 20 years of experience in energy, policy regulation and financing, Kelvin is well placed to advance DBS’ sustainability agenda with our clients and communities. We also extend our deep thanks to Helge for his invaluable contributions to DBS’ sustainability journey and wish him every success ahead.”