Philip Fernandez

Group Corporate Treasurer
DBS Bank Ltd

IBF Distinguished Fellow (2021)

Financial Markets

"The half-life of knowledge that we acquire in finance continues to shrink. To stay relevant, we need to develop a growth mindset and intentionally target learning experiences so that we can keep pushing industry frontiers."

Biography

Philip Fernandez is Group Corporate Treasurer, responsible for DBS’ balance sheet, capital, wholesale funding, rebalancing portfolio and structural FX globally. He assumed his role 12 years ago and has 30 years of experience in financial services in Singapore and London. He is also a member of DBS’ Group Management Committee. He was named “Bank Treasurer of the Year” at The Asset Asian Awards 2015 and led DBS to win IFR Asia’s Issuer of the Year in 2016.

As Corporate Treasurer, Philip has led and transformed DBS’ Corporate Treasury team into a source of competitive advantage where proactive and strategic steering of the balance sheet in a volatile environment and implementing initiatives in capital management and strategic portfolio management has delivered significant impact for the bank.

He has strong relationships with many global bank treasurers and this has given him a broad understanding of the current and upcoming challenges facing financial services firms. In 2019, Philip was nominated into the Association of Banks Singapore’s industry-wide SOR transition main steering committee and was also appointed as Chair of the ABS industry-wide SOR transition sub-committee for business and syndicated loans in 2019.

As Sub-Committee Chair, Philip has led national efforts to ensure Singapore’s banking industry not only transitions from IBOR loans smoothly, but is at the cutting-edge of global interest rate benchmark reforms. He has brought local and foreign banks on the sub-committee together to innovate new SORA-pegged loan products that cater to the diverse needs of large and small corporate customers alike. Drawing from his markets experience, he has provided thought leadership to the sub-committee in issues, such as loan pricing and hedging. He has partnered with regulators, banks, and buy-siders to ensure business customers are ready for the global benchmark reforms, and to ensure that they are fairly treated by issuing guidance via the industry-wide steering committee.

As a member of DBS’ group management committee, Philip also devotes his time to mentoring the next generation of leaders in the industry to build a steady pipeline of talent. He has also worked with MAS and Contact Singapore to conduct a seminar for overseas Singaporeans in New York.
A Singaporean, Philip holds an M.A. from Cambridge University where he studied Engineering and Management under a DBS scholarship. Previously, Philip was also an Adjunct Associate Professor at the Singapore Management University for six years, where he lectured in quantitative finance.