DBS announces change of Lead Independent Director
Singapore, 29 Apr 2020 - DBS Group Holdings (DBSH) announced that with effect from today, Mr Olivier Lim has taken over from Mr Ho Tian Yee as the new Lead Independent Director.
Mr Ho, who was appointed as the Lead Independent Director and the Chairman of the Nominating Committee (NC) on 16 November 2018, has been re-designated as a Non-Executive Director on 29 April 2020 after completing nine years of service as an Independent Director. In addition, Mr Ho has stepped down from the NC, and Mr Tham Sai Choy has taken over from Mr Ho as the NC Chairman, on 29 April 2020.
In March, DBS had announced the appointment of two new Independent Directors, Mr Anthony Lim, 61, and Ms Punita Lal, 57. Both joined the DBS Boards on 1 April 2020.
With the changes, the composition of the DBS Boards, which have 11 members and are majority independent, is as follows:
Mr Peter Seah
(Non-executive Chairman)
Mr Piyush Gupta
(Group CEO)
Mr Olivier Lim
(Lead Independent Director)
Mr Andre Sekulic
(Independent Director)
Dr Bonghan Cho
(Independent Director)
Mr Tham Sai Choy
(Independent Director)
Mr Anthony Lim
(Independent Director)
Ms Punita Lal
(Independent Director)
Ms Euleen Goh
(Non-executive Director)
Mr Ho Tian Yee
(Non-executive Director)
Mrs Ow Foong Pheng
(Non-executive Director)
[END]
About DBS
DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank’s “AA-” and “Aa1” credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “
World’s Best Bank
” by Euromoney, “
Global Bank of the Year
” by The Banker and “
Best Bank in the World
” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “
World’s Best Digital Bank
” by Euromoney. In addition, DBS has been accorded the “
Safest Bank in Asia
” award by Global Finance for 11 consecutive years from 2009 to 2019.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all our 28,000 staff, representing over 40 nationalities. For more information, please visit
www.dbs.com
.
DBS Bank Ltd | 12 Marina Boulevard, DBS Asia Central @ Marina Bay Financial Centre Tower 3,
Singapore 018982 | Co. Reg. No. 196800306E
Tel: 65.6878 8888 | www.dbs.com
