Dr. Andy Kwok Yu SO

Managing Director
T&M - Treasury & Liquidity Management
DBS Bank Ltd

IBF Fellow (2018)

Financial Markets

"Over the years I’ve come to appreciate the importance of continuous learning to remain relevant, and leading change is what propels me to stay ahead."


​Dr. Andy SO is the Managing Director and Head of Treasury & Liquidity Management of DBS Bank Ltd, responsible for the management of funding and liquidity across all locations of DBS Group. He and his teams manage the group's daily funding positions, ensure adequate holdings of liquid asset and compliance with regulatory and internal requirements on liquidity, formulate and execute strategy in sourcing wholesale funding, formulate liquidity contingency plans and coordinate contingency drill runs.

Andy is also the Head of G7 Money Market and Collateral Management. He and his team engage in trading and gapping activities via short-term secured and unsecured financial instruments, manage the bond portfolio for liquidity rebalancing, source funding for global T&M activities across all locations and manage the collateral requirements arising from initial and variation margin.

Representing DBS, Andy serves as a non-executive Board Director of the Clifford Capital Pte. Ltd. 

Prior to his appointment as Head of Treasury & Liquidity Management, Andy was the Head of Risk Management Group for North Asia, overseeing the management of market and operational risks for DBS Bank's business operations in Mainland China, Hong Kong, Taiwan, Japan and South Korea. He also served as Alternate Chief Executive of DBS Bank (Hong Kong) Limited, a non-executive Board Director of DBS Bank (China) Limited and a Board Director of the DBS (China) Investment Co., Ltd.

Andy has extensive experience in treasury and markets, risk management and product control in the Asian region. Prior to joining DBS Bank, he held various senior regional positions with major international banks, including Citibank, Deutsche Bank and UBS. 

Andy received his PhD and MSc in Operations Research from Cornell University in the USA.  He also holds a Master's Degree and a Bachelor's Degree in Mathematics from the Chinese University of Hong Kong.​