DBS names two new independent directors to Board of Directors
Singapore, Hong Kong, Indonesia, India, China, Taiwan, Regional.23 Mar 2020
Anthony Lim and Punita Lal, financial markets and consumer goods veterans respectively, will join the DBS Boards on 1 April 2020
Singapore, Hong Kong, Indonesia, India, China, Taiwan, Regional, 23 Mar 2020 - DBS Group Holdings (DBSH) said today it is appointing two new independent directors to the Boards of DBSH and DBS Bank. Mr Anthony Lim, 61, and Ms Punita Lal, 57, will join the DBS Boards, effective 1 April 2020.
Mr Anthony Lim Ms Punita Lal
In addition to serving on DBS’ main boards, Mr Lim will also be a member of DBS’ Board Risk Management Committee and the Executive Committee. Ms Lal will be a member of DBS’ Compensation and Management Development Committee and, subject to regulatory approval, its Nominating Committee.
The appointments are part of DBS’ Board renewal process, which will also see Mr Nihal Kaviratne and Mr Danny Teoh retiring on 31 March 2020.
A seasoned financial markets veteran, Mr. Lim spent 19 years with GIC Pte Ltd (GIC) before his retirement in 2017. He joined GIC as its president of the London office in 1998 and was appointed in 2009 as its president (Americas) based in New York. Prior to joining GIC, he was a senior managing director at Bankers Trust Company, where he held various management and trading positions in the global markets’ division in Singapore and London from 1987 to 1998. Before Bankers Trust, he was with the Monetary Authority of Singapore, where he spent three years in their New York Office.
He currently serves on the boards of CapitaLand and CapitaLand Hope Foundation, and is a member of the Institute of International Education, Scholar Rescue Fund Selection Committee, and Teach For All Global Advisory Council. He is also a strategic advisor of Ripple Labs.
Ms Lal has over 30 years of experience in Strategy, Marketing and Leadership in the consumer-packaged goods industry. Her prior experience includes working for Coca Cola in China and PepsiCo in India. Her last held executive role was Managing Director and Chief Executive Officer for NourishCo, a strategic joint venture between Tata Global Beverages and PepsiCo, from 2010 to 2012.
She is currently an independent director of Cipla Limited and CEAT Limited, both listed companies in India. She is also a director of Life Style International and a member of the governing council of The Vedica Scholars Programme for Women in India.
Peter Seah, Chairman of DBSH and DBS Bank, said, "I join my fellow directors in welcoming Anthony and Punita to the boards. Anthony is a seasoned financial markets professional with extensive global experience, while Punita brings with her a wealth of experience in the consumer goods sector, honed in Asia’s two biggest markets, China and India. Their solid credentials make them strong additions to the DBS Boards at a time of intense competition for digital and sustainability leadership, and I look forward to working closely with them to further solidify DBS’ commitment in these areas.”
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 of our 28,000 staff, representing over 40 nationalities. For more information, please visit http://www.dbs.com.
Mr Anthony Lim Ms Punita Lal
In addition to serving on DBS’ main boards, Mr Lim will also be a member of DBS’ Board Risk Management Committee and the Executive Committee. Ms Lal will be a member of DBS’ Compensation and Management Development Committee and, subject to regulatory approval, its Nominating Committee.
The appointments are part of DBS’ Board renewal process, which will also see Mr Nihal Kaviratne and Mr Danny Teoh retiring on 31 March 2020.
A seasoned financial markets veteran, Mr. Lim spent 19 years with GIC Pte Ltd (GIC) before his retirement in 2017. He joined GIC as its president of the London office in 1998 and was appointed in 2009 as its president (Americas) based in New York. Prior to joining GIC, he was a senior managing director at Bankers Trust Company, where he held various management and trading positions in the global markets’ division in Singapore and London from 1987 to 1998. Before Bankers Trust, he was with the Monetary Authority of Singapore, where he spent three years in their New York Office.
He currently serves on the boards of CapitaLand and CapitaLand Hope Foundation, and is a member of the Institute of International Education, Scholar Rescue Fund Selection Committee, and Teach For All Global Advisory Council. He is also a strategic advisor of Ripple Labs.
Ms Lal has over 30 years of experience in Strategy, Marketing and Leadership in the consumer-packaged goods industry. Her prior experience includes working for Coca Cola in China and PepsiCo in India. Her last held executive role was Managing Director and Chief Executive Officer for NourishCo, a strategic joint venture between Tata Global Beverages and PepsiCo, from 2010 to 2012.
She is currently an independent director of Cipla Limited and CEAT Limited, both listed companies in India. She is also a director of Life Style International and a member of the governing council of The Vedica Scholars Programme for Women in India.
Peter Seah, Chairman of DBSH and DBS Bank, said, "I join my fellow directors in welcoming Anthony and Punita to the boards. Anthony is a seasoned financial markets professional with extensive global experience, while Punita brings with her a wealth of experience in the consumer goods sector, honed in Asia’s two biggest markets, China and India. Their solid credentials make them strong additions to the DBS Boards at a time of intense competition for digital and sustainability leadership, and I look forward to working closely with them to further solidify DBS’ commitment in these areas.”
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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 of our 28,000 staff, representing over 40 nationalities. For more information, please visit http://www.dbs.com.
