Sim S Lim joined DBS on 1 September 2010 as the Country Head, DBS Singapore. In this role, Sim is responsible for helping the bank to develop a more acute customer focus and better leverage the bank’s home market presence, so as to deliver greater synergy and value across the entire Singapore franchise. He is also currently the Chairman of DBS Vickers Securities Holdings Pte Ltd.
In his 31 years of banking experience, Sim spent his career in Asia, North America and the Middle East. Prior to joining DBS, Sim was the President and CEO of Nikko Citigroup Limited, a position he held from June 2008 to December 2009. During this time, Sim was also a board member of Nikko Citi Holdings, Inc. He was responsible for all corporate & investment banking, institutional brokerage and fixed income & equity trading for Citigroup in Japan.
During his international banking career, Sim held a wide variety of roles spanning Kuala Lumpur, Tokyo, New York, Saudi Arabia, Hong Kong & Singapore. In 2007/2008, he was Citigroup Country Officer, Hong Kong and also served as Chairman of Citibank Hong Kong Limited. During his tenure, he managed the Citigroup Hong Kong country franchise, including developing the strategy for Hong Kong’s markets and banking franchise, and providing support to the consumer and wealth management businesses. Between October 2003 and March 2007, Sim was Regional Head of Emerging Markets Sales and Trading for the Asia-Pacific, based in Singapore. He was responsible for all sales and trading in Fx, local currency derivatives & money markets, fixed income trading & origination in the 13 markets across Asia Pacific. During this period, he was also the non-executive Chairman of Citibank Berhad Malaysia.
Sim is currently Chairman of ST Aerospace and Singapore Land Authority, as well as a Director of ST Engineering and Asfinco Singapore Limited. In addition, he is an Alternate Member for DBS to the Association of Banks in Singapore. He is Vice Chairman of ASEAN Business Group and Singapore Business Federation, and a Board Governor for Nanyang Polytechnic. He also sits on the Board of Nikko Asset Management Co., Ltd in Japan.
Sim was a Japanese government Monbusho scholar and graduated with his Bachelor’s in BA from Yokohama National University, Japan in 1983.
A critical element of Corporate Governance at DBS is an active board and management committee structure that undertakes a careful review of decision making within the Group at various levels.