DBS head quits for “tech-enabled coffee chain”
Kaisen Wang, head of design for the institutional banking group at DBS, has joined Singapore startup Flash Coffee, according to his LinkedIn profile.
He is now head of product design at Flash, which calls itself a “tech-enabled coffee chain” and last year raised US$15m in Series A funding. Flash is expanding its grab-and-go-stores across Asia and aims to make premium coffee accessible to the region’s middle classes.
Prior to DBS, Wang was with Grab between 2016 and 2019 as lead design manager, transport and delivery.
The job market for senior designers like Wang is buoyant in Singapore, and banks have become a prime poaching ground for startups.
Late last year Maik Lutze, head of design and user experience for corporate, commercial and institutional banking at Standard Chartered, moved to EQONEX Group, a Singapore-based digital assets company, as head of customer experience and design.
Meanwhile, banks – including DBS itself – are also expanding their design teams. Last year, for example, DBS named Rainer Wessler as its chief design officer. His appointment followed the departure of previous design boss Chooake Wongwattanasilpa, who is now chief experience officer at Bank of Singapore. Wessler’s LinkedIn profile indicates that DBS’s design team is hiring.