In an emailed statement from DBS Group Holdings head of fixed-income Clifford Lee, Rogerio Bernardo has been hired as an addition to the banks's bond syndicate team in Singapore.

Bernardo previous employment was with Royal Bank of Scotland Group (RBS). Bernardo was director of RBS'bond syndicate team for the Asian region. Bernardo's position would be a senior vice president whose role would be supporting DBS' primary deal activities in Asia.

DBS was initially set up by the Singaporean government in 1968. It grew to be the largest regional bank in the Southeast Asian region with over 100 branches. Its strong capital position garnered high credit ratings at "AA-" and "Aa1" by financial services firms like Moody's Investor Services.

DBS second quarter profits climbed 10% from last year to SGD887 million. Total income was SGD2.31 billion, which is a 19% increase from the same period last year.