He succeeds UOB's Susan Hwee, who has been Nets chairman since September 2021.
UOB previously announced that Ms Hwee will head its group retail business, also from Sept 1, relinquishing her current portfolio of group technology and operations.
The chairmanship of Nets, owned by DBS, UOB and OCBC Bank, is rotated every three years among the three shareholder banks.
Mr Soo has more than 30 years of experience in consumer banking and finance. He is in charge of the DBS and POSB wealth management networks and distribution, as well as ATM, digital and mobile channels.
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