DBS names board director Anthony Lim as new chairman; Peter Seah retires after 16 years
Mr Lim, a DBS board member since 2020, will take over on Jan 1, 2027, as Mr Seah steps down after overseeing a period of significant growth and digital transformation at Singapore's largest bank.
DBS bank has announced that Anthony Lim, an independent director, will become the new chairman on January 1, 2027, succeeding Peter Seah, who has served as chairman for the past 16 years. Lim, who has been a board member since 2020, will take over the position, marking the beginning of a new chapter in DBS's leadership. Seah, who is 80 years old, will step down from his roles at both DBS Group Holdings and DBS Bank on December 31 and will then serve as a senior advisor for a year.
Lim's appointment is part of DBS's ongoing board renewal process, with the bank praising his deep understanding of the bank's culture and strategy. During his tenure, Lim has played a crucial role in management succession planning, remuneration governance, and talent development. He previously worked at Singapore sovereign wealth fund GIC and held senior leadership positions at Bankers Trust.
Seah's 16-year tenure at the helm has seen DBS undergo significant digital transformation and expand its higher-return businesses, establishing the bank as one of Asia's leading financial institutions.
Written by urgent.news from CNA - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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