DBS Group Holdings Ltd., Southeast Asia's largest bank, will replace more than 30 expatriate managers in Taiwan who helped integrate the acquisition of Bowa Commercial Bank Co. with locals.The managers, who came from DBS's Hong Kong and Singapore branches, may start returning as early as next year after their projects are completed, said Philip Lim, the company's head of Taiwan consumer banking. Expatriate executives also have the option of remaining in Taiwan on local pay packages, he said.
“We laid the foundation by implementing DBS culture and rules, and now the locals would be better to manage the bank,” Lim, who will leave Taiwan in mid-2010, said in an interview in Taipei.
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