DBS Group Holdings, Southeast Asia’s largest bank, hired Jerry Tse from Macquarie Group as chief executive officer for its investment banking unit, replacing Stephen Ho.

Tse, 43, will start in November and be based in Hong Kong, Grace Ngoh, a Singapore-based spokeswoman at the bank, said in an e-mail. She didn’t comment on whether Ho has left DBS or not.

DBS is ranked 10th advising on share sales in Asia outside Japan this year, up from 18th in 2012, data compiled by Bloomberg show. Chief Executive Officer Piyush Gupta said in February 2010 the bank is seeking to reduce dependence on Singapore from about two-thirds of revenue to 40% in five years, with the rest of south and southeast Asia accounting for 30% and a similar share from Greater China.

DBS got 38% of its profit from outside Singapore last year, compared with 35% in 2008, according to the bank’s annual reports.

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